We thought the NCURA community would be interested in seeing how to avoid the often tedious process of creating a consolidated financial statement during the grants management process. It's a best practice for senior departmental and center administrators at large research intensive to more effectively track a variety of funding sources. The management of these funds is complicated by today's ever-changing economic landscape and by the nature of the funding sources themselves, some being budget driven and others revenue driven. Through information via the link below, research departments can generate up-to-date, consolidated financial statements for monitoring the overall financial condition of your organization.
http://www.itworks-inc.com/2014/10/29/consolidated-financial-statements-monitoring-financial-condition-research-intensive-organizations/
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Jim Wrenn
President & CEO
Information Technology Works, Inc., IT Works
Raleigh, NC
919-232-5332
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