NetSuite’s grant accounting elevates efficiency and visibility into the grant lifecycle with the ability to track terms and conditions, track many projects to many grants, automate time and expense management for billable and nonbillable transactions, and manage expenses across multiple years. Grants in NetSuite maintain all relevant milestones so that vital information is in a single unified system.

• Projects link back to grant records to automate time and expense tracking for billable and nonbillable transactions over the life of the grant.
• Many projects and funds can correlate to many grants.
• Dashboards provide drill-down reporting into all grant-related transactions, including journal entries, vendor bills and expense reports.
• Track all expenses, vendors, subcontractors, employees associated to an event, conference, and fundraiser.
• Manage Internal projects with time, expenses and scheduled tasks.
• One system manages donor/grantor/funder/funding source data from receivables and revenue transactions, which simplifies A/R aging, financial reporting, metrics and reconciliation.
• Simple setup of GL segment combination codes to automate data entry of transactions against a grant.
• Easily identify and tag restricted revenue transactions associated with donations/grants/awards.
• Complete visibility of revenue to date and invoicing requirements by funder and grant/award requirements.
• Billing Schedules setup within NetSuite to bill grants automatically. Alerts can be setup to notify accounting staff to invoice on specific dates.
• Reports and Searches can have date or period filters for invoicing requirements by funder or grant.