What Is Grant Accounting?

  • Finance

Grant accounting involves specialized financial management for funds received through grants. It requires strict adherence to compliance standards, detailed tracking, and accurate reporting to ensure funds are used according to the grantor’s requirements. This includes budgeting, revenue recognition, and preparation for audits. Services cover both government and non-profit grants, focusing on transparency, accountability, and maximizing the benefits of grant funding while mitigating compliance risks. Expert guidance is essential to navigate complex allocations, manage budgets effectively, and maintain organized documentation for audits.

R&D Offer Quiz

Step 1 of 3

Answer to find out if you're eligible for R&D tax credits.

Do the activities performed relate to a new or improved business component’s function, performance, reliability, quality, or composition?(Required)
For Example: A mid-sized packaging company develops a slightly modified cardboard box design to improve its stacking strength (reliability) for warehouse storage, involving minor adjustments to the corrugation pattern to reduce collapse under standard weight loads.
Is your company trying to discover information to eliminate uncertainty concerning the capability or method for developing or improving a business component?(Required)
For Example: A furniture manufacturer investigates whether a cheaper wood adhesive can hold joints as effectively as the current one during assembly, testing bond strength to resolve doubts about its capability in standard production lines.
Do the activities performed constitute a process of experimentation?(Required)
For Example: An auto parts supplier runs a series of bench tests on different lubricant formulations to find one that reduces friction in engine bearings more effectively, systematically comparing wear rates over simulated operating cycles.