On Account Money after Fiscal Year closes

Can’t you just take into Contributions or use it for Tickets in the current FY?    The amount is sitting on your balance sheet now. 

While we try to move the money before the year end, there are always exceptions that cause money to be held over a year (natural disasters, donor relations).  

Hi all,

In a bit of a bind here.  My Ticket Services Manager and I discovered a small amount of money On Account from our Box Office On Account payment method (usually used to roll money over for a Contribution) from years past.  We have already closed books on these fiscal years and have audited figures for both ticket revenue and development figured. I need to get it off account (nothing bothers me more!!) but my CFO has nowhere to put it in the GL.

Any tips or similar stories welcomed! I have a feeling it will just be an "irreconcilable difference"...

Frannie

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Can’t you just take into Contributions or use it for Tickets in the current FY?    The amount is sitting on your balance sheet now. 

While we try to move the money before the year end, there are always exceptions that cause money to be held over a year (natural disasters, donor relations).  

Hi all,

In a bit of a bind here.  My Ticket Services Manager and I discovered a small amount of money On Account from our Box Office On Account payment method (usually used to roll money over for a Contribution) from years past.  We have already closed books on these fiscal years and have audited figures for both ticket revenue and development figured. I need to get it off account (nothing bothers me more!!) but my CFO has nowhere to put it in the GL.

Any tips or similar stories welcomed! I have a feeling it will just be an "irreconcilable difference"...

Frannie

This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Finance Forum. You may reply to this message to post to the Finance 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!