1. Use account codes
2. Get to grips with versatile monitoring budgets
3. Decide on a system for splitting shared costs and stick to it
4. Update your monitoring budgets regularly, even if not much has happened
5. Do regular reconciliations between your budgets and your actual physical cash on hand
Whether you use software or not, give your projects codes and, if you like, give your funders codes too
Make sure that your central tracking spreadsheet is comprehensive enough that it allows for copy-pasting your costs easily into funders’ formats
There are a number of ways to split costs that you will allocate to various projects
Get into the habit of updating and checking all your tracking budgets at least once a month, even those months that you have barely any costs incurred
It is important that you regularly reconcile the money you have in the bank and in cash with your overall expenditure tracking documents