Solutions
Restricted means restricted
Nonprofits answer to funders as much as to a board. Varetiq tracks funds, restrictions, and grants as first-class structure rather than as memo fields on ordinary accounts.
- Fund accounting
- Restriction tracking
- Grant budget vs actual
Nonprofit/ Funds · Fiscal 2026Willmore Grant is 95% spent with one month remaining; a report is due at closeout.
- Every transaction
- By fund
- Grant deadlines
- Tracked
- Restricted balances
- Separate
- Reporting
- Board-ready
Restriction carried through to reports.
Reporting dates surface in advance.
Never pooled by accident.
Formats for finance committees.
Funds
Structure, not naming conventions
Funds and restrictions are part of the data model. Spending against a restricted fund is checked as it happens rather than discovered during an audit.
In practice
- Purpose and time restrictions tracked distinctly
- Release of restriction recorded as an entry
- Warnings before restricted funds are overspent
- Statement of activities by restriction class
Grants
Budget, spend, and the report that closes it out
Each grant carries its own budget, spending detail, and reporting calendar, so closeout is a matter of exporting what already exists.
In practice
- Grant budget versus actual in real time
- Reporting deadlines in the Action Center
- Supporting documents attached per grant
- Closeout package export
Varetiq supports fund accounting practices; it does not provide audit, tax, or compliance opinions. Consult your auditor on presentation and filing requirements.
Open the nonprofit workspace
See funds, restrictions, and grant tracking with demonstration data.