Hello-
We typically write off pledges that are uncollectable but I found myself in a pickle trying to figure out if we can (or should) "unwrite" off a pledge. Here is our scenario:
Donor 1 pledged $10,000 to our New Play Development campaign, which exists outside of our fiscal years/campaigns, back in 2015. In 2017, this pledge was written off as uncollectable and the pledge was backed out. This past summer we received a donation from Donor 1 which unbeknownst to us included the $10,000 for the pledge for the New Play Development. Since the pledge is written off and is listed as a $0 pledge we are not sure if we are able to reopen the written off pledge in order to use this entry for the donor's pledge and payment. Has anyone had this instance before? Did you just create a new entry or did you reopen the written off pledge?
Hi Stephan,
I think it will depend on how your Finance teams wants to treat this. I've ran into this at two different organizations and here's how they were treated:
Organization 1 - I re-booked the pledge to the original campaign and continued to accept payments.Organization 2 - Gift must be applied to current fiscal year because the pledge is written off.
As for reopening a written off pledge in Tessitura, I'm not sure if that's possible or not. Maybe someone will be able to weigh in.
All in all, I would rely on my Finance colleagues and how our auditors would look at this information.
Hope this helps!Mary