Hello,
We have pledge payments for our gala attached to one of our performances, which are usually paid after the event. We are running into a bit of confusion on how to take from a pledge and apply to a ticket order. So, for example, we have a $1,000 sponsorship pledge and $100 of this should go toward tickets in a ticketing order. I want to be able to print tickets ahead of time with the appropriate ticket value, and I am wondering if anyone else has been in this situation?
I was considering creating a Dummy GL and Payment Method in order to "pay" for the tickets, but I am worried about the accounting side of things, where we would double book the income. We could also go the comp route, but it would be preferable to have the ticket value in an order for sales analysis and ease of figuring out what is and is not tax deductible once the pledge payment is received.
Any thoughts or brainstorms would be greatly appreciated.
Thank you,
Andrew
Hi Andrew,
Have you considered using an Invoice Payment Method? The Invoice would pay the ticket order off so you can print the tickets, but will still show as a Receivable for accounting purposes.
Boann