If you have received a grant, it is important to include it as revenue in your forecast. This applies to both nonprofit and for-profit companies. The timing of the revenue is determined by the terms of the grant. We recommend reading it carefully and following its timing rules, or consulting with your financial advisor for further guidance.
Entering a grant
- In the Forecast section, on the revenue page, click Add Revenue Stream.
- Give the stream a title that identifies it as a grant and select the Revenue Only model:
- Choose Varying amounts over time, so that you can enter the whole amount in the month in which you'll receive it (or, if you'll receive payments, you can enter those instead):
- Click Create & Exit to save the changes and return to the revenue section of your forecast.