Moving payment from one constituent account to another

So I think I know the answer but just wanted to field some possibilities:

We have a situation where a ticketing payment was made in the wrong account and now need to transfer the payment to the correct account. Is there a way do this without refunding the credit card?

 

  • Hi Julie,

    I don't know if this is best practice - and I've never done it for Ticket payments, but rather Contributions, but I've avoided refunding a customer's card and recharging by putting the money in your company's Suspense Account.  Use the Payment Method associated to this sort of "holding pot" G/L and then use the same payment when reentering to the correct customer's account.

    Best to let your Finance department know...

    Frannie

  • Thanks Franny! This is helpful. We are currently working with our accounting department to figure something out and they were sort of on this path so we'll continue on.

  • You can refund to a gift certificate and use that for payment. Just remember to delete the credit card off the wrong record.

     

     

    _______________________________________________________
    Karen Diche
    Manager, Season Tickets
    Segerstrom Center for the Arts
    600 Town Center Drive, Costa Mesa, CA 92626
    T (714) 556-2122 x 4359   F (714) 755-7477   E KDiche@SCFTA.org

     

     

     

    From: Tessitura Ticketing Forum [mailto:forums-ticketing@tessituranetwork.com] On Behalf Of Julie Gregorchuk
    Sent: Tuesday, August 28, 2012 9:07 AM
    To: Karen Diche
    Subject: [Tessitura Ticketing Forum] Moving payment from one constituent account to another

     

    So I think I know the answer but just wanted to field some possibilities:

    We have a situation where a ticketing payment was made in the wrong account and now need to transfer the payment to the correct account. Is there a way do this without refunding the credit card?

     




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  • We have a payment method for this called “Money in Transit” that is tied to our suspense account. We’ve been using this for both tickets and contributions (always documented in order notes or contribution notes) for years, and only a couple of employees here have access to this payment method. I set up a monthly report to audit Money in Transit when we discovered discrepancies where funds were not moved entirely correctly. The report takes all transactions using this payment method, and returns enough information about them so that you can track issues, if there are any. The final balance of these transactions for any given time period of a day or longer should be $0, of course, so when the balance isn’t $0, you need to find out why not. (In over 7 years, we’ve had this issue a couple of times.)

     

    Here’s the procedure, if anyone would like to use it. (You’ll have to substitute your own payment method in place of 58 below.)

     

    ---------------------------------------------------------Money in Transit payment method id

     

     

     

    select a.*,

          cast ( floor( cast(a.pmt_dt as float)) as datetime) as 'float'

    from @money_in_transit a

    where a.pmt_dt between @start_dt and @end_dt

     

     

     

     

     

     

    _____________________________
    Lucie Spieler
    IT Development and Training Manager

    Editor, Season Program Book

    FLORIDA GRAND opera

  • Well, all the code for my little Money in Transit report procedure disappeared when I hit “send.” I’d be happy to send it to you off forum.

     

    lspieler@fgo.org

     

    _____________________________
    Lucie Spieler
    IT Development and Training Manager

    Editor, Season Program Book

    FLORIDA GRAND opera