Donations Postmarked before End of Year

teraalbrecht
teraalbrecht Posts: 2
Conversation Starter Photogenic First Comment First Compass Anniversary
edited February 18 in Finance & Operations

What are your common practices for inputting donations that have been postmarked before the end of the year, but are not deposited to the bank until the New Year?

Answers

  • MandyHaynes
    MandyHaynes Posts: 1
    First Comment First Compass Anniversary

    We input the donation by the date that is on the check and then deposit the donations with a 12/31/xxxx date so it is included in our year-end figures. It is just a reconciling item in the bank reconciliation for December.