
Frequently Asked Questions
Frequently asked questions
Fiscal compliance software assists your team with tracking of restricted funds, cost allocation, organizing supporting documentation so you can maintain compliance with Government and Private Funders. Accounting systems do a great job with tasks such as bank reconciliation, managing payables and receivables, standard P&L and Balance Sheet reports. However, nonprofit accounting and compliance requires an extra-layer of fund tracking and management.
The process starts with conducting an in-depth analysis of your nonprofit's mission, functional requirements, and budget. Compare several options while taking demos. Click here to sign up for a free PreciseGrant demo.
Fiscal compliance is crucial to ensure you maintain your 501C3 status and allows for the smooth provision of funds once you've won a grant. Also, it helps you safeguard the nonprofit's assets and avoid issues such as misappropriation of funds. PreciseGrants streamlines the fiscal compliance process and makes task like grant reporting and budget management simple.