ADD OLD GIFT TO NEW PLEDGE

You need to talk to your Finance dept.   If this 10K pledge crosses fiscal year and only 5K was reported in last FY revenue and no receivable – then the correct way to post this 5K is to add the 5K pledge in the current fiscal year – the revenue being part of this year’s revenue (assuming accrual not cash accounting).

If you have NOT crossed the close of a fiscal year you can do as Melissa has indicated and you may want to “back date” the pledge to the original date by entering the earlier contribution date.

From: Melissa Scott [mailto:bounce-melissascott2313@tessituranetwork.com]
Sent: Wednesday, October 26, 2016 9:30 AM
To: McKinley, Leslie <LMcKinley@nycitycenter.org>
Subject: Re: [Tessitura Development Forum] ADD OLD GIFT TO NEW PLEDGE

You can put the $5,000 on account, create the new pledge and then apply the on account to the pledge. That's what we do in this type of situation.

I would think so….you could put the original $5000 on-account and then apply it to the pledge. Make very detailed notes as to what happened.

Marie

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Marie Kocher | Development Assistant

Kansas City Ballet | Todd Bolender Center for Dance & Creativity

500 W. Pershing Road, Kansas City, MO 64108

816.216.5582 (D) | 816.931.2232 x1382 (O) | 816.931.1172 (fax)

kcballet.org

From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of Lily Calderbank
Sent: Tuesday, October 25, 2016 7:52 PM
To: Marie Kocher <mkocher@kcballet.org>
Subject: [Tessitura Development Forum] ADD OLD GIFT TO NEW PLEDGE

Last year we received a pledge for $10,000 paid in two parts but rather than enter it as a pledge we just entered it as a gift of $5,000. As we want the pledge to be recorded is there a way for me to create a pledge of $10,000 now and then add that already paid gift as the 1st payment?

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!

I would also double check with your finance office. You will need to confirm whether the pledge was put on the books as a receivable or not, and make a notation regarding whatever information you find out. If it was not on the books as a receivable, then Devo will have both payments attributed to one fiscal year, while your finance department may have $5000 in one fiscal year and the other $5000 in the next fiscal year.

These are good things to know for reporting purposes and for future budgeting.

Thanks,

I would think so….you could put the original $5000 on-account and then apply it to the pledge. Make very detailed notes as to what happened.

Marie

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Marie Kocher | Development Assistant

Kansas City Ballet | Todd Bolender Center for Dance & Creativity

500 W. Pershing Road, Kansas City, MO 64108

816.216.5582 (D) | 816.931.2232 x1382 (O) | 816.931.1172 (fax)

kcballet.org

From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of Lily Calderbank
Sent: Tuesday, October 25, 2016 7:52 PM
To: Marie Kocher <mkocher@kcballet.org>
Subject: [Tessitura Development Forum] ADD OLD GIFT TO NEW PLEDGE

Last year we received a pledge for $10,000 paid in two parts but rather than enter it as a pledge we just entered it as a gift of $5,000. As we want the pledge to be recorded is there a way for me to create a pledge of $10,000 now and then add that already paid gift as the 1st payment?

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!

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!