With the market declining so much in the past 2 months, I am looking at how our Admin fees are calculated. We have been using the Average Daily Balance option, but since I reconcile only once a month, the system thinks the balance stays the same until the end of the next month. This has resulted in higher admin fees than I…
Hello, Our foundation is thinking of moving away from checks and utilizing ACHs to make our grant payments. I was wondering how other organizations that are using ACHs get the banking information from the recipients. Thank you for your input. Linda Cleveland
I'm wondering what documentation we should be asking of the scholarship recipient before we can send a tuition payment to their college or university. In the past we've asked for a copy of the bill the college sends to the student during the summer. Is that adequate? Is there something else that would work just as well?…
