Finance
Track every dollar by grant, program and fund. See how much of each award you’ve drawn, spent and billed, pay your vendors, and bill your grants from the expenses you’ve already recorded.
Who uses it: Fiscal officers, controllers, accounts payable staff and administrators.
Built around how your teams work
Every dollar by grant and program
Every transaction is tracked by account, grant, program and cost center, the way nonprofit and federal reporting require.
Books you can trust
Recorded entries can’t be changed after the fact, only reversed. Every entry balances by fund, and closed periods stay closed.
Awards and grants
Keep each grant’s terms in one place: award numbers, periods, amounts, match and indirect cost rates.
Know where every award stands
See each award as authorized, drawn, spent, billed, received and remaining.
Pay your vendors
Pay bills by check or direct deposit, split across funds, with year-end 1099 totals by vendor.
Bill grants from expenses
Draft a grant billing from expenses you’ve already recorded, with indirect costs calculated for you, and track what you’re owed.
Also in Finance
- Trial balance and general ledger, down to each transaction
- Segregation of duties, so the person who approves and posts bills doesn’t have to be the person who pays them
- Bank account and vendor tax ID numbers protected
- Purchasing included: requests, purchase orders and receiving
Designed around 2 CFR 200 (Uniform Guidance) and nonprofit net-asset reporting.
Connected to the rest of TMS
How Finance shares records with other modules.