Grants handled the right way
Grant money received is recorded as deferred grant income, not as sales. As you spend on grant activities, InsightBooks recognises grant income to match, capped at the funds received, so your income statement reflects what was actually used.
Link spending to each grant
Tag expenses and purchase orders with a grant and a grant category. Assets bought with grant money can follow depreciation, so donor-funded equipment is treated consistently.
Budgets, payroll and reports for donors
Set budgets by account, compare them with actual spending from posted journals, run payroll with PAYE and pension and produce financial statements. Report in MWK, with US Dollar, Euro and British Pound available for donor reporting.
Frequently asked questions
Can I track several donor grants at once?
Yes. Each grant is tracked separately with its own receipts, linked spending and recognised income.
Is grant money treated as revenue when it arrives?
By default it is held as deferred grant income and recognised as income as linked spending is posted. A recognise-on-receipt option is also available.
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