Paypal transaction split confusion

[trythis]

This was a very useful post, thanks for the insight.  I want to clarify that
my invoicing is not functioning on a real pledging function.  I wasnt using
the right word because we dont get pledges, just cash donations or
fundraising income. Some of our income results in tickets to our functions,
other times it goes to restricted project expenses.  The only way I can keep
up with all the donations from people in one set of books is through
invoicing. I am only invoicing after the donation is made so theoretically,
as an instant invoice, its generated the instant the donor decides to let go
of the cash and it gets posted and paid the moment the money hits the table.

I suppose a person could have an series of accounts that keep track of
donors, but the invoice system works great for reports on customers (donors)
and ties in very well with reports on actual activities ppr programs.  

Instead of programming a "pledging system" I guess I would have to develop a
"contribution receipt" or just change invoicing ling to Statement for the
non-profit wing of gnucash.  Since I am not a programmer I will just have to
dream.

G



Mike or Penny Novack-2 wrote
> On 4/19/2016 12:48 PM, Derek Atkins wrote:
>> Hi,
>>
>>
>>> I wish I was a programmer, I would love to build a pledge income system.
>>> Instead of invoices, it would be for pledge receipts and work exactly
>>> like
>>> the invoice structure.
>> No time like the present?  ;)
>>
> Actually, you have that backwards (in terms of what is really going on). 
> As far as the needs of nonprofits go ........
> 
> 1) Invoicing for  "accrual" (what is invoiced is treated as a receivable 
> --- that is what we have now as usual for businesses)
> 2) Invoicing for "cash basis" (no legal obligation to pay that invoice)
> 3) Ideally unified statements.
> 
> The reason I said "backwards" is that the PLEDGES are in fact 
> receivables << there is a legal obligation to pay a pledge >> but things 
> like MEMBERSHIP DUES are not << you are allowed to quit a voluntary 
> organization at any time --- the organization by its rules MIGHT be able 
> to asses a member who sought to rejoin, but that's another kettle of 
> fish and in any case the back dues amount usually negotiable >>
> 
> Luckily I don't have to produce invoices because all of the orgs I do 
> the books for are on the cash basis. If I did have to, I would probably 
> use a set of subsidiary books kept on accrual basis to do the invoicing 
> and keeping track of member accounts << it would be just the gross 
> amounts deposited to the (real) bank account in the real books. In other 
> words the total of membership dues and extra donations, so not all that 
> much extra work >>
> 
> BTW, pledge accounting raises all sorts of other issues. Just because a 
> pledge is a receivable doesn't mean that it is all currently receivable. 
> Suppose somebody said "I pledge $1000 in 2016 and $1000 in 2017." That 
> means that they would CURRENTLY owe the organization $1000, not $2000.
> 
> If this were a forum instead of a mail list, I would be suggesting a 
> special section for "non-profits", because while some of what we 
> treasurers of non-profits do is just like business accounting some of is 
> not.
> 
> Michael D Novack
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