Perhaps you could look at this
https://www.accountingtools.com/articles/accounting-for-pledges.html
regards
DrTom
On 8/2/2019 12:21 PM, Adrien Monteleone wrote:
Yes, I understand they are different. The Business Features *could* still be
used, just not considered in a formal way.
But certainly, manual entries are possible.
The tough part of pledges is they really don’t go anywhere in the account tree
that I can see.
They are not assets, not AR from a legal standpoint, not liabilities, not
income, and since none of those, not equity either. Perhaps they should be
tracked separately since trying to do so in GnuCash requires shoehorning
something of the app to fit. But if one likes using shoehorns...
Regards,
Adrien
On Aug 2, 2019, at 7:09 AM, Mike or Penny Novack <stepbystepf...@comcast.net>
wrote:
On 8/2/2019 3:34 AM, Adrien Monteleone wrote:
I’m not sure about keeping track of member donations in an Asset account.
There are difficult issues doing financials for non-profits which can require
some fiddling using gnucash (or any alternative).
For example -- the members may want to receive "statements" (invoices) and want these to
reflect a unified statement (membership as well as pledges) BUT membership dues are NOT a receivable
for such organizations <<which may be keeping books on a cash basis, but more important, a
member can withdraw at any time, does not OWE the billed dues. They DO owe pledges, but only
according to the terms of the pledge* >>
ONE solution is to bite the bullet and keep multiple books for different
purposes. Main books on a cash basis NOT tracking members but just the source
of the income (dues, donations, pledges, etc.) and the other used just to be
able to invoice and track which members have paid, etc. In the example
situation above where members may contribute (get credited for contributions
actually made by others) that is another level of complexity.
Michal D Novack
* Thus if a pledge is $5000 in the form of $1000 a year for five years they do
not owe $5000 immediately
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