Hello,
I’m wondering if anyone has thoughts on best practice regarding running Future to Current batches for contributions. The person who previously handled the fundraising end of Tessitura in our organization left great notes on many aspects of the way our organization handles data, but unfortunately this was not something he left notes on. I was wondering – do others run this at the beginning of the fiscal year or at the end?
We discovered this when running through the End of Year Fiscal Procedures Checklist as nothing had been run yet this year. We ran a Restricted to Non-restricted batch so that the GL numbers would match up with what accounting has on file. We have the same GL number for future and current receivables, so we were unsure of how important it was to run that batch. Are there any advantages or disadvantages to having future receivables in the current year? It appears that when we receive a pledge payment it automatically moves the gift from future to current.
I should also mention that all of the future receivables we have are for an ongoing capital campaign that is not tied to a fiscal year.
Thanks in advance for any insight you might be able to provide!
Best,
Arik