Does anyone prorate memberships in Tess, in the sense that though the membership is paid for in one payment the payment is broken up into 12 installments and released?
Our auditors are trying to have Tess and our financial system (Great Plains) release membership funds on a 12 month basis rather than accounting for the funds in a lump sum as they are received. The auditors reasoning is that benefits are being used over a twelve month period, which often spans two fiscal years, so the funds should be released in the same manner.
On execution, while time consuming, I don't see this as a problem because I'd just set-up pledges, input funds as restricted, and then release the funds on a monthly basis, but I'm trying to find out if anyone else actually sets up memberships in a prorated format.