Hi, we are on V15.2.33. We are looking at setting up Recurring Giving. We are looking at setting up a Faux Fund to handle Recurring giving and then making a TNEW page and using CSI's to have the donor select their schedule (Monthly, bi-weekly, etc.) When the first gift comes in do you Create Recurring Giving as a Pledge with a Billing schedule (through the end of the fiscal year and use the first gift as a payment towards it via an adjustment). Will this then allow you to Create a New Pledge at the beginning of the next fiscal year and use their stored card to process that first payment? Thank you so much for your help.
This is exactly how we set ours up, but we didn't use a faux fund. We use the same fund as our annual giving so we can track all revenue together, but use a separate payment method to track (along with a CSI) which is a standard online gift versus one that was filled out through our monthly giving form.
We also setup by fiscal year and do a big roll-over "day" (takes more than a day unfortunately) with close to 600 new pledges for the next fiscal. Tessitura does have improvements on their short-term roadmap, so this will be an exciting enhancement to improve our efficiency.