Hello friends!
I was working with one of our developers today, and he floated an interesting idea for Tax Receipts. What if instead of issuing/creating a tax receipt for every gift, we assigned any constituent who donated a qualifying gift a single tax receipt number for the year? Every time they make a donation or pledge payment we would email an acknowledgement of the gift. That acknowledgement could even include a full list of donations to date for the current calendar year. In January, you’d issue the official tax receipt (either via email or hard copy) which would provide a nice summary of all gifts and pledge payments, broken out by campaign and fund.
This kind of turns the current workflow on its head, but it removes the need to link voided receipts to new ones all year as adjustments are made. It also does away with the complication of issued tax receipts becoming stale by the end of the year.
What do you all think? Am I missing anything that would prevent this from working?
Thanks!Meaghan
Interesting in theory! We would need the ability to produce receipts at other times of the year as well though, potentially defined by a list? It wouldn't work as a single solution.I'm also curious from input of financial teams and how it would impact auditing of receipts issued.
Thanks, Kyle! Can you give me some examples of what would need to be receipted more often that once a year? I'm just wondering if there's a distinction we could key on...assuming this theory holds water.
A few examples:
Ah, I see. Thanks!
I agree with Demitrios - we would require that same flexibility.
Us as well.
Thanks, Demitrios!
Thank you, Marissa!
Thanks, Nicki!
I really appreciate the responses from you all.