Writing off old pledges

Yes the pledge should be written off.  Since it hasn’t been written off in your database and you state is old,  I would check with your Finance Dept before going forward.  They may have removed from their books already if it’s quite old.   

Auditors usually require procedures for writing off pledges in a timely fashion.  This might be a good opportunity to discuss write- off policy with your Finance dept.      

Hello Tess Community,

I am wondering what you all think about writing off old pledges that you KNOW will never come in. For example, we have some pledges entered 5+ years ago where people might still owe $5 on a $10,000 pledge. We are not going to nickel and dime them for this, we are considering the pledge fulfilled.

Is there a reason to do this? Not to do this? It seems to me that it would be good to write the pledge off for the cleanliness of our database, but I am curious to hear what others think.

Thank you for the feedback!

Sara Fellman

Studio Theatre, Washington DC 

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Yes the pledge should be written off.  Since it hasn’t been written off in your database and you state is old,  I would check with your Finance Dept before going forward.  They may have removed from their books already if it’s quite old.   

Auditors usually require procedures for writing off pledges in a timely fashion.  This might be a good opportunity to discuss write- off policy with your Finance dept.      

Hello Tess Community,

I am wondering what you all think about writing off old pledges that you KNOW will never come in. For example, we have some pledges entered 5+ years ago where people might still owe $5 on a $10,000 pledge. We are not going to nickel and dime them for this, we are considering the pledge fulfilled.

Is there a reason to do this? Not to do this? It seems to me that it would be good to write the pledge off for the cleanliness of our database, but I am curious to hear what others think.

Thank you for the feedback!

Sara Fellman

Studio Theatre, Washington DC 

This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Development Forum. You may reply to this message to post to the Development forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!