I am verying interesting in learning how other organizations are handing Scholarships. We have ours set up as editable price types.
When we interface to the G/L we group the price up to the full base price for to credit the class and place the scholarship amount into an offset account where we can track the amount.
Our problem is when a Constituent has both a Scholarship and a Discount. First we must apply the discount and then the Scholarship. I can not sell a class with two price types and if I go with Payment methods I will have hundreds of scholarship method of payments depending on the class that is being sold.
Hi Robert,
Here at the Science Museum, we have a process similar to others that have been posted. We start by creating the order at the standard pricing, then click the Price Details button and use the discount functionality to reduce the amount to the price the family will be paying. (This is the same way we offer staff discounts on our classes.)
Throughout the season we use a custom report that reviews discount transactions and calculates the original price, the amount paid by the families, and the amount covered by the scholarship fund. We use accounting paperwork outside of Tessitura to reconcile the difference at the end of the season.
Could you use a combination of Price Types and Discounts to allow your scholarship families to get scholarships on top of discounts?
-Michael