Can anyone recommend accounting system or billing software to automate the preparation of grant expenditure reports?
Human services agencies primarily derive their revenue from grant reimbursements from federal, state, and local governments, but the manual process of organizing invoices and bills, and reconciling summary reports, is extremely time-consuming and inefficient. This article analyzes this pain point and discusses the potential value of accounting or billing software in automating the preparation of grant expenditure reports.
As a human services agency most of our revenues are derived from providing social services which we have to seek reimbursement from federal, state, and local government. All require backup copies of all invoices and bills for any charge allocated or billed to the grant. Our accounting department is small and is overwhelmed with paper and the process for compiling the billing packages is time consuming. then there is quite a bit time spent ensuring that all bills have been attached and checking to ensure that the underlying bills add up to the summary report that is presented for reimbursement. Process is very time consuming and inefficient.