Nonprofit grant reporting accuracy improved 95%
Nonprofit
Problem
Manual fund tracking led to errors in donor reports, delayed grant reimbursements, and audit findings.
Approach
Restructured chart of accounts for fund accounting, created grant-specific tracking codes, implemented monthly reconciliation process, and built automated donor report templates.
Results
- Grant reporting accuracy improved to 95%
- Reimbursement cycle reduced from 45 to 12 days
- Zero audit findings for two consecutive years
- Donor confidence increased, leading to 20% funding growth
Stack
QuickBooks Enterprise, Excel, Custom donor report templates