Hello, I’m struggling to reconcile a grant income amount correctly.
We have ‘x’ amount coming in as a lump some which was granted to our non-profit.
Internally, that money needs to be allocated a number of ways. We rent out studios and part of the grant is to subsidise that rent for some people - effectively the grant covers the rent.
So, what is the best way to log the grant and then allocate it so we know how we have spent it?
I figure we could invoice ourselves for studio space, but is that a bit weird? Is there a cleaner way to allocate or split how it is used internally?