Donations Postmarked before End of Year
teraalbrecht
Posts: 3
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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?
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Answers
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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.
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this is a good reference:
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