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change GL Account for a Fund?

Lise Speidel
$organization

Hi all- we have a new Dir of Finance here at Roundabout and he wishes a Fund, created in 2012, to be given a new GL Account number.  I am concerned as we have MANY pledges and gifts to this Board Capital Campaign Fund, and am not clear on the ramifications of doing this for him.

Does anyone have any ideas on the long term ramifications (or short term) of a change like this?

Would appreciate any feedback.

Thanks,

Lise

  • Former Member
    Former Member $organization

    Definitely tricky. If memory serves, changing GLs on an existing fund does not affect any previously entered gifts or posts, only entries going forward. That may mean that pledge payments you take are suddenly affecting a different set of GLs than the pledge receivables were booked to. I would get into Test and do some experiments--change the GL, pay off some pledges, examine the posting reports, etc. But yes, be concerned. :)

  • $organization

    We did some changing of GL Numbers a few years ago here at BAM.  We were just making all of the GL codes longer. 

     

    I think you are right to be cautious with such a change.   I would strongly recommend that you open a TASK Support ticket and discuss the change with the support team.  Then test carefully. Not just on the screen, but check reports, and paying off some of those old pledges, does this impact website….

     

    --Tom

    …

    718.724.8135

    tbrown@BAM.org

     

    From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of Lise Speidel
    Sent: Thursday, October 15, 2015 3:30 PM
    To: Thomas Brown <tbrown@bam.org>
    Subject: [Tessitura Development Forum] change GL Account for a Fund?

     

    Hi all- we have a new Dir of Finance here at Roundabout and he wishes a Fund, created in 2012, to be given a new GL Account number.  I am concerned as we have MANY pledges and gifts to this Board Capital Campaign Fund, and am not clear on the ramifications of doing this for him.

    Does anyone have any ideas on the long term ramifications (or short term) of a change like this?

    Would appreciate any feedback.

    Thanks,

    Lise



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  • $organization

    This is what I thought – thanks for the confirmation – for some reason everyone always wants immediate action – I say Safety First!

     

    Thanks,

    Lise

     

    From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of Matthew Echert
    Sent: Thursday, October 15, 2015 8:17 PM
    To: Lise Speidel
    Subject: Re: [Tessitura Development Forum] change GL Account for a Fund?

     

    Definitely tricky. If memory serves, changing GLs on an existing fund does not affect any previously entered gifts or posts, only entries going forward. That may mean that pledge payments you take are suddenly affecting a different set of GLs than the pledge receivables were booked to. I would get into Test and do some experiments--change the GL, pay off some pledges, examine the posting reports, etc. But yes, be concerned. :)

    From: Lise Speidel <bounce-lisespeidel4611@tessituranetwork.com>
    Sent: 10/15/2015 3:27:32 PM

    Hi all- we have a new Dir of Finance here at Roundabout and he wishes a Fund, created in 2012, to be given a new GL Account number.  I am concerned as we have MANY pledges and gifts to this Board Capital Campaign Fund, and am not clear on the ramifications of doing this for him.

    Does anyone have any ideas on the long term ramifications (or short term) of a change like this?

    Would appreciate any feedback.

    Thanks,

    Lise




    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!