Indirect Cost Allocation for Grants
Nonprofits that receive grants need to recover indirect costs based on their agreements. Nonprofits usually use a provisional rate to calculate indirect costs based on total allowable direct costs for each grant.
The Indirect Cost Allocation for Grants SuiteApp lets nonprofits set provisional rates on grants and the allowable costs used to calculate indirect costs.
To learn more, watch the video:
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: