Create Accounts for Pledges

A charitable pledge is an obligation for a donor to give money to the Community Foundation 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.

1. Navigate to Accounts. 
2. Click Create in the left-side menu. 
3. In the Create Account section enter the following information:
   • Account Number
   • Name
   • Description
   • In the Account Type drop-down field, select an account receivable type.
4. Click Create.
   
   
5. Navigate back to Accounts and click Create in the left-side menu. 
6. In the Create Account section enter the following information:
   • Account Number
   • Name
   • Description
   • In the Account Type drop-down field, select a revenue account type. 
7. Click Create. 
   
   
8. Next, you will need to set up or verify your Account Defaults. On the Accounts page, click Default from the left-side menu.
   • Select the account you wish to use for your Pledge Receivable Asset account from the drop-down next to the Pledge Receivable field.
   • Select the account you wish to use for your Pledge Contributions Revenue Account from the drop-down next to the Pledge Contributions field.
     
     
9.  Click Update.
   
   

Now you can begin to create Pledges in your system.