SFACTS - GRANT ERP

SFACTS - GRANT ERP which is a Proprietary software application (having received the IP Rights on our product) designed to meet the restricted and unrestricted grant accounting requirements. A fund based Accounting solution may be termed as a method of accounting which enables the Institution / Organization to track the expenses, commitment (Encumbrance/ Reserve/Obligation) and the balance against a specific grant/fund. The method of accounting not only enables to allocate the grant but also facilitate the double entry method or accrual method of accounting to derive various financial reports (Income & Expenditure, Balance Sheet, Schedules etc).