>While this may seem a pretty good solution, you should be aware that >you probably won't be able to reconcile with financial reporting. > GAAP (generally accepted accounting principles) state that for >multi-year pledges, you need to "book" the entire amount of the >pledge in year 1. Yes, this drives fundraisers crazy, since it will >result in some pretty dramatic peaks and valleys....but, alas, we >don't really have a choice. Which brings me to the original >question...if you "book" 3 pledges (one per year), you won't match >with the amount your finance person will book on their end. It >would be great if Ebase could incorporate 1x per year payments >etc....enbling us to book the entire gift in one year, the way >finance people do it, so we can reconcile accounts. Yes, ebase >wasn't intended to be an piece of accounting software, but if there >isn't an easy way to generally reconcile the 2 systems, it becomes >an arduous and tedious task to determine as to who is right and who >has an error. > >Or, do we book 3 pledges, in the same year, to get at the solution?
Good point, Cecily, and I realize my answer wasn't complete. You can post three separate pledges with the same start date, one time payment, and durations of 12 months, 2 years, and three years. I think that does what both you and the accountant need. -- -- Dave Shaw H4 Consulting tel: 206-954-7526 fax: 206-625-1338 ------------------ Reminder to each recipient: To change your list account preferences, go to http://email.sparklist.com/scripts/lyris.pl?enter=support and enter the email address you used to subscribe to the ebase support list:: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] --------------------------------------------------------------------- ebase - Relationship Management for Nonprofits, http://www.ebase.org ---------------------------------------------------------------------
