With tighter budgets, changing funding conditions and growing financial pressures, understanding the numbers is essential for not-for-profit (NFP) boards. But receiving funding is only the beginning. When grants come with conditions, your NFP needs a clear process for tracking how funds are used and reporting back to funders. Financial reports show where money is coming from, where it is going...

For Australian not for profits (NFPs), grants can provide vital funding for programs, services and community initiatives. But receiving the money is only the beginning. When funding comes with conditions, your NFP needs a clear process for tracking how it is used and reporting back to the funder. This is where restricted funds and grant acquittals come in. Restricted funds...