Grant applications aren’t easy to win—so why jeopardize hard-won funding with bad tracking? From missed deadlines to unclear spending, grant reporting is riddled with landmines. One mistake and you’re facing clawbacks, angry funders, or a reputation hit that endangers your mission.
Where Nonprofits Slip Up
- Mixing up restricted and unrestricted funds
- Missing grant deadlines or reporting requirements
- Failing to track expenditure by grant line item
- Lack of documentation for payroll and expenses
The Real Risks
- Grant funds put on hold or clawed back
- Lost credibility—kiss future grants goodbye
- Internal panic when auditors demand records you can’t find
How to Keep Grants (and Sanity) Secure
1. Use Grant-Specific Accounting Tools
Ditch generic spreadsheets—choose tools that tag and track every grant dollar.
2. Separate Funds
Open unique accounts/codes for each grant to avoid mixing money.
3. Monthly Reviews
Schedule time to review grant spending and documentation. Scrambling at report time is a recipe for mistakes.
4. Work With Pros
A nonprofit CPA spots compliance risks before they cause costly trouble.
Final Note
Great work deserves great tracking. SkillBench helps nonprofits build audit-proof, grant-winning systems—so your mission never stalls on avoidable errors.
