A charitable pledge is an obligation for a donor to give money to the organization at a future time. Your chart of accounts will have two accounts, one called Pledges Receivable (A) in Accounts Receivable and one called Pledge Support (R), which is a Revenue Account that will recognize incoming pledges or pledge contributions. These accounts and their defaults may have been created during your implementation process. If these accounts were not created during your implementation, you will need to to create them.
Receivable and Revenue Account Setup
- Navigate to the Accounts page, and click Create in the left-side menu.
- Enter the applicable Create Account information, and then click Create.
- Account Number, Name, and Account Type are required fields.
- Account Type -Select an account receivable type.
- Account Type -Select an account receivable type.
- Account Number, Name, and Account Type are required fields.
- Navigate back to the Accounts page, and click Create in the left-side menu.
- Enter the applicable Create Account information, and then click Create.
- Account Number, Name, and Account Type are required fields.
- Account Type - Select a revenue account type.
- Account Number, Name, and Account Type are required fields.
Verify Default Account Setup
If the receivable and revenue accounts that will be used for pledges already existed, then verify your default account setup. If the receivable and revenue accounts for pledge use were just created, then use the steps below to set the default accounts.
- Navigate to the Accounts page, and click Defaults in the left-side menu.
- Select the Pledge Receivable account.
- Select the Pledge Contributions Revenue account.
- Click Update.
Pledges can now be created in the system.