Finances

During managing the finances and preparation of the cost evaluation you have to work precisely and a spreadsheet may therefore appear arid. However, you will see that it’s not so hard at all. In single steps, this manual will guide you to the ABC of financial management and evaluation.

Project planning

There is often a first project concept. However, it hasn’t been expressed in numbers yet. At this place begin the first steps to the financial management:

• Budget Planning
• Budget and financing plan
• Grant agreement

Implementation of the project

Here we describe how to make documentation of using the money that you received and how to keep the overview over finances.

• Administrating revenues
• Administrating expenditures
• Receipts for expenditures and revenues
• Travel Reimbursement
• Golden Rules of Finance Administration

Project conclusion

• Accounting and Documentation
• Receipts for exchange rates
• Invoice