Archive for the
‘GMS Inc’ Category

Do you have grants and contracts that end at various times during your fiscal year? Are you required to submit final financial reports for these programs prior to your fiscal year ending? Do you use actual rates determined by using a year-to-date base for any of the allocation pools such as leave, fringe benefits, indirect [...]

Do you have program costs that benefit a specific set of programs and you are allocating them using an arbitrary base, or worse yet, based on budget? If so one of these supplements may be of great use to your organization. The basic premise of both of these supplements is the same: They give you [...]

Some grants and/or contracts may require you to report all of your indirect costs for their program under one specific element such as Administration. If this is true for your agency, Supplement #383 Shift Indirect Costs can accomplish this. Note: This supplement does not affect or change the normal allocation of your indirect costs that should be [...]

The first three articles of the Cost Allocation Series explained the mechanics of the Leave, Fringe and Indirect Cost pools. Once you understand how the pools gather the information and create the individual rates, this knowledge can be used to follow your organization’s cost allocation procedures through the GMS software and provide you with the details [...]

Note: the following article is based on an allocation procedure where the actual indirect cost rate is used rather than a fixed rate. The third pool that is included as part of the basic GMS Nonprofit Accounting and Financial Management System is the Indirect Cost Pool. The Indirect Cost Pool is a way to allocate your agency’s [...]

Note: the following article is based on an allocation procedure where the actual fringe benefit rate is used rather than a fixed rate. The second pool that is included as part of the basic GMS Nonprofit Accounting and Financial Management System is the Fringe Benefit Pool. As with the Leave Pool discussed in the June 2012 newsletter, [...]

GMS Leave Pool - Part of the basic GMS Nonprofit Accounting and Financial Management System is the Leave Pool. The leave pool is a method of allocating your organization’s leave costs to the appropriate programs. The logic behind using the leave pool is basic accountability. For example, you may have an employee that works on 3 programs [...]

Next month we’ll all gather together for the 30th Annual GMS Summit. Here is some handy information for you to keep in mind. For complete Summit information please visit our website at: https://www.gmsactg.com/summit-overview.html WEATHER AND DRESS – The average daily temperature is typically 81 degrees this time of year in Denver. We encourage you to check the [...]

By Diane H. Leonard, GPC, President/Owner, DH Leonard Consulting & Grant Writing Services, LLC In Expanding Your Grant Funder Research, I said “I can hear the objections that follow. ‘We have a grant calendar and we do all of those things you mentioned about grant research. How do we identify “new to us” grant funders?’” Did you miss [...]

<span "font-size:12.0pt;="" font-family:"times="" roman","serif";mso-fareast-font-family:"times="" roman""="">Grant research, in particular grant research focused on expanding an existing grant portfolio, can feel like an insurmountable task. In fact, it can feel like you are on the hunt to find a diamond in the rough. So then, how when faced with such a task can you grow your grant [...]