Audit and Review Readiness
Assess whether your trial balance, reconciliations, schedules, contracts, controls, and prepared-by-client package are ready for external accountants.
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For owners, founders, and finance leaders
Grant and Funder Compliance Readiness
Assess whether grant or funder money is tracked, restricted, and reported the way award agreements require, and what to prepare before a funder or single-audit review.
4 guided steps
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Official guidance links
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Your free guided checker
Answer a few quick questions below. It is private - nothing is submitted or stored - and takes about a minute.
Informational business diagnostic only; not accounting, audit, tax, legal, investment, lending, or valuation advice.
The questions this tool walks you through
Here is what the checker asks and why each step matters. Prefer to talk it through? Contact us and we will help directly.
Do restricted grant dollars sit in the same pooled bank and ledger balance as your unrestricted operating money, with no separate fund or class tracking each award?
When restricted and unrestricted cash blur together, you cannot prove a funder's dollars were spent on that funder's purpose - the first thing any grant review tests.
Stand up fund accounting so every award has its own restricted balance and revenue-recognition trail.
Official guidance: OMB Uniform Guidance (2 CFR Part 200)
Across all federal awards - direct and passed through a state or prime - will you spend more than roughly $1,000,000 of federal money in a single fiscal year?
Federal expenditures above the Uniform Guidance single-audit threshold - commonly cited around $1,000,000, confirm the current figure - trigger a mandatory Single Audit under 2 CFR 200 Subpart F.
Prepare for a Single Audit - build the SEFA, confirm major programs, and assemble compliance evidence.
Official guidance: OMB Uniform Guidance (2 CFR Part 200)
Do you charge shared costs - executive time, rent, utilities, IT - to awards using a written, consistent allocation method rather than a rough estimate each period?
Funders will disallow shared costs that are not spread by a documented, reasonable base; an approved or de minimis indirect rate is what makes those charges defensible.
Adopt a written cost allocation plan and set an indirect cost rate before charging shared costs again.
Official guidance: OMB Uniform Guidance (2 CFR Part 200)
Were your most recent financial and performance reports to funders filed by their due dates and tied back to the general ledger without a scramble?
Late or unreconciled reports are the most common trigger for held payments, findings, and repayment demands - and a reporting calendar prevents nearly all of them.
Sustain the current controls and rehearse the next funder or single-audit review. Establish a reporting cadence with a due-date calendar and a ledger-to-report reconciliation.
Official guidance: OMB Uniform Guidance (2 CFR Part 200)
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