Indirect Cost Allocation for Grants
Non-profit organizations receiving grants need to recover indirect costs they incur from grants according to agreements. Typically, a provisional rate is used by non-profit organizations to calculate indirect costs using the total allowable direct costs incurred on each grant.
The Indirect Cost Allocation for Grants SuiteApp enables non-profit organizations to specify provisional rates on grants and the allowable costs that form the base for calculating indirect costs.
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The Indirect Cost Allocation SuiteApp enables you to perform the following tasks:
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Enter a provisional or agreed rate for each grant.
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Identify which direct costs on the grant are allowable according to the grant agreement and specify any dollar limits.
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Automatically calculate the indirect costs and post them to the grant for each month.
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View the total costs incurred on the grant and the indirect costs at any given time.
The Indirect Cost Allocation for Grants SuiteApp supports all available languages in the Multi-Language feature of NetSuite. To set the language preference in NetSuite, see Choosing a Language for Your NetSuite User Interface.
Read the following topics to know more about the Indirect Cost Allocation for Grants SuiteApp: