zeroing out the balance of a pledge

Well the adjustment must have been done as an increase instead of decrease.     As it sounds like you have several of these folks – you might want to look into the Cancel/Write-off Utility report in the Finance folder .   You can use this write off or adjust a pledge down (Adjust mode) If you use the Adjust Pledge mode that will take the revenue from the fund code GL instead of writing the revenue off to the expense GL.  

Work with it in TEST environment but I think you’ll find it the easiest for cancelling a large group of balances.       

I am looking for help with a pledge.  The bulk of the pledge commitment has been met and there was a minimal amount remaining (difference due to sale of stock and the date of that sale) that our executive director wants to disregard.  Writing off a pledge didn't seem to be the right approach so we attempted to adjust the gift.  Now instead of having a balance of $160, the record shows $320 as an outstanding balance.  Does anyone have any suggestions for how to fix our problem?

Thanks,

Jan Fry

Omaha Community Playhouse

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Hi Jan,

I’m wondering if the payment was accidentally adjusted instead of the pledge.  It would be one thing to check.  For instance, if the original pledge was $1000 and after the stock gift the balance was $160, you would need to adjust the pledge amount to $840.  If the payment was accidentally adjusted, you will need to adjust that payment back in and then adjust the pledge amount.

T.C. Brown

Database Administrator

412.392.4834

I am looking for help with a pledge.  The bulk of the pledge commitment has been met and there was a minimal amount remaining (difference due to sale of stock and the date of that sale) that our executive director wants to disregard.  Writing off a pledge didn't seem to be the right approach so we attempted to adjust the gift.  Now instead of having a balance of $160, the record shows $320 as an outstanding balance.  Does anyone have any suggestions for how to fix our problem?

Thanks,

Jan Fry

Omaha Community Playhouse

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!