Finance Forum-
I'm having an issue reconciling our GL/Chart of Accounts to Tessitura best practices.
Our Development team and I are attempting to reformulate our setup of Funds/Campaigns to better fit Tessitura so we can utilize reporting and analytics properly.
Per the webinars below Tessitura is best utilized for reporting when more generalized Funds and Campaigns are used. These practices push for organizations to avoid granular "entity" based Funds; however, our current Development GL/COA is based on Individual/Corporate/Foundation/Grant giving.
As you may imagine this creates a bit of confusion on the best way to move forward. As each fund is tied to a GL it becomes hard to avoid "entity" based, granular, funds.
Is there anything that we can do to reconcile this and make better use of Tessitura for fundraising?
Hey sorry I missed this.
We reorganised out C/F/D ... we all (philanthropy me and finance) sat around those webinars from Erin and then created the attached structure. When there needs to be granular reporting we do it in Tessitura.
Tiers are Campaign / Fund / Designation
2020 Campaign Structures.docx
Thanks! I kind of had this feeling.
As a small org growing into Tessitura it has come to my attention that some of the details within our COA/books are way too granular.
Having this information is extremely helpful as it relates to making the case to potentially changing our accounting practices.
That was us, because everyone wanted to do analytics in the system they knew best (usually excel)..
The question were asked was "What do you need for accounting?"
Then "What analysis do you usually do and can we just set that up in Tessitura as a source?" Then proved that.