Non-Profit
Provision for Outstanding Grant Commitments
Accruing the estimated future expenditure committed under active grant agreements.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Program Expense: Commitments | Expense (+) | 25,000.00 | - |
| Provision for Grant Commitments | Liability (+) | - | 25,000.00 |
💡 Accountant's Note
NGOs with signed grant agreements have future spending obligations. Provisioning at year-end ensures the financial statements reflect the full cost of existing commitments.
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