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GAAP Accounting, Multi Year Pledges and Net Present Value

Last post 10-22-2005 1:44 PM by Trish Morgan. 1 replies.
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  • 10-21-2005 5:33 PM

    GAAP Accounting, Multi Year Pledges and Net Present Value

    If your institution uses GAAP accounting, and has multi year pledges, how do you track the Net Present Value? Where do you track that information? If you do not how do you get your accounting software to translate the Multi Year Pledge amount into a Net Present Value? Our Development Office is using Raiser's Edge, and our business office is using Bi-Tech/Sungard Software. Thanks everyone! Elaine [Email Removed] www.tlu.edu Elaine Tucker [Email Removed] Texas Lutheran University
  • 10-22-2005 1:44 PM In reply to

    GAAP Accounting, Multi Year Pledges and Net Present Value

    We do not track that at all in our development office. What goes into Raiser's Edge is the total amount of the pledge. Accounting then figures Net Present Value and they keep that information in Solomon and in their books. Trish Morgan Associate Director Pathways Hospice Foundation [Email Removed]
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