Click here to access the Grants section within the Budgeto app
A grant is a non-repayable investment disbursed by a granter. Granters can be government departments, corporations, foundations or trusts. Most grants are made to fund a specific project and require some level of compliance and reporting.
Press on the ADD button at the top of the screen to add a GRANT.
There are two kinds of grants in Budgeto:
- Not related to expenses
- Related to expenses
NOT RELATED TO EXPENSES
1- GRANT NAME: This is the name of the grant.
2- GRANTER NAME: This is the name of the granter. The granters can be government departments, corporations, foundations or trusts.
3- MAXIMUM TOTAL AMOUNT: This is the maximum amount of the grant. If there is no limit, a check box will appear (only if you choose related to expenses at step 4)
4- GRANT TYPE: Select Not related to expenses
5- CASHED IN: This is the month when the total amount of the grant is received by the company.
6- HYPOTHESIS: This space is intended to write useful information about the grant. This information will be available to all of whom you share your budget with. Note that when you export your budget, this information will not be available in the PDF and the Excel.
7- SAVE: To save the entry.
RELATED TO EXPENSES
IMPORTANT To complete this section, your expense section must be completed.
If your grant is related to an expense, complete the form as shown before. However, make sure "Grant Type" is selected as "Related to expenses" (Step 4)
8- PAYMENT TERM: This is the payment term of the grant. For example, if the refund is disbursed two months after filing reporting documentation, the payment term is 2 months.
9- MONTH (STARTING IN/ENDING IN): Select the first/last month of eligibility of expenses to the grant
10- PAYMENT FREQUENCY: Choose a reporting frequency for the grant. For example, if the subsidy program stipulates that you must complete the reimbursement requests every 3 months, choose the quarterly frequency.
11- CHECK BOX: Select which category your grant is related to. You can apply your grant to:
- Capital assets
12- ELIGIBLE %: This is the % eligible to the grant.
13- FROM: This is the first month of eligibility of the employer / expense to the grant:
14- UNTIL: This is the last month of eligibility of the employer / expense to the grant:
Don't forget to press on SAVE (STEP 7) to save the entry.
IMPORTANT Don't forget to press on SAVE once you are done.
PRO-TIP Click on the arrow to the right of the word "SAVE" and select "Save & copy". This will allow you to save your current entry, and then bring you to a new entry page, where all the previous information is already entered.
This will allow you to make small modifications to the NEW current entry, without having to refill every box again.
Related Articles (Please refer to the links below)
- How to enter lines of credit
- How to enter debts
- How to enter share capital (equity)
- How to enter tax credits