Instrumentl is committed to being your all-in-one platform for grant management and tracking — this includes post-award management! We know Grant Managers and Program Teams need a streamlined way to monitor grant finances, which is why we offer Budget Spenddown Tracking.
Budget Spenddown Tracking is a feature exclusive to the Professional and Custom Plans. You can also learn more about the Professional Plan here.
Import Expenses from your Accounting Tool
The first step to Budget Spenddown Tracking is importing your expenses into Instrumentl. Under the Financials tab, you'll be able to attach a CSV documenting your expenses.
You'll be asked to fill out our expenses template to ensure the import is successful.
From there, you'll finish the import by mapping awards and setting budgets.
Once that is through, you are ready to begin tracking spenddown!
Track Spending Overall
When clicked into the Awards View of your Tracker, your dashboard shows you how your Spenddown is tracking.
It defaults to show the percentage, but hovering over the statistic will show you both the amount available and total amount spent.
You'll also see a Spenddown column in your Tracker, showing you how are expenses are tracking for each award at a glance.
Monitor Spending for Each Award
Once you've clicked into the Financials tab for a specific opportunity in your Tracker, you can see the overview of spending for that specific award.
Hereinlies key information such as Award Amount, Amount Spent, Amount Remaining, and how you are tracking during the spend period as displayed on a graph. You'll also see an Off Track or On Track icon. This is calculated based on the amount you've spent thus far and where you are in the grant period.
Underneath the Overview section, you'll find the breakdown of your budget organized by category, date, description, amount budgeted and amount spent.
Budget Spenddown tracking eliminates uncertainty over grant financials with intuitive visuals for smarter decision-making. We’re excited to continue improving Instrumentl's post-award management capabilities!
Contact Us 
If you have any questions about our Budget Spenddown feature, simply message our friendly Customer Support team via the chat bubble when logged into your account, or email us at hello@instrumentl.com.