We are currently in the process of migrating from Raiser's Edge to Tessitura with launch in a month. I have searched through the community discussions and do not find any recent threads related to entering stock gain, stock loss, and broker fees to reconcile with Finance. The most recent thread I found was from 5 years ago. I am looking for more recent procedures for entering this information into Tessitura.
Tessitura's v16 Help System for contribution processing shows the custom data tab for fields to enter stock gain/loss value, stock name and # of shares. A co-worker who worked in Tessitura more than 10 years ago, suggested to create a constituent record with the name of "Stock Transactions" that would be used to enter gifts for the stock gain, broker fees, and stock loss with funds specific to those transactions so that they will reflect on GL reports.
Any suggestions or shared procedures would be appreciated.
Thank you,
Dawn
Hi Dawn thanks for posting! You may also find it beneficial to cross-post to the Fundraising & Development community group as well? - Gill Tasker, Community Manager
Thank you for the suggestion Gill Tasker (she/her)! I will post in that community group as well.