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?
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.
From: Lily Calderbank <bounce-lilycalderbank1272@tessituranetwork.com> Sent: 10/25/2016 8:42:07 PM
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