Booking Pledges and Pledge Payments

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Xerxes Eclipse
Xerxes Eclipse
Eighth Anniversary First Comment
in Blackbaud Raiser's Edge NXT®: General Discussion
I'm wondering if anyone has advice on how best to record multi year unrestricted Pledges in RE. 


 


Here is a sample Scenario: 


 


An unrestricted Pledge of $30k is received in 2017. The payments of $10k each are scheduled to be received in 2017, 2018,  & 2019.  The 2017 payment is unrestricted. However, the next 2 payments (as our auditors are advising) are temporarily restricted. 


 


How does the $30k receivable/revenue get recorded in the Raiser's Edge environment?  If this scenario is not feasible to be recorded through RE, is the only way to handle this via an adjustment later on in FE ?

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Comments

  • JoAnn Strommen
    JoAnn Strommen Community All-Star
    Ancient Membership 2,500 Likes 2500 Comments Photogenic
    Not sure why your auditor would advise that they be temporarily restricted, but I'm not an auditor.


    As you don't want all the gifts/ to this fund marked as restricted in RE, you don't want to mark RE fund restricted. I would enter it as multi year pledge to the unrestricted fund and I think I'd let finance/FE handle it. You could make note on gift record but I'm not aware of any way to have gifts to the same fund vary between unrestricted and restricted.
  • Lawrence Rush
    Lawrence Rush
    Eighth Anniversary 250 Likes 100 Comments Photogenic
    I would agree with JoAnn. I think that's the best way to handle the situation.

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