QB Pledge Accounting 0631-02 ZZqbb

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                           TO:  Interested Ministries                                                                                               FROM: Jim Bramer, Retired CPA-Auditor
                                                                                                                                                                         FILE:  0631-02/qbb

                            RE:  QB & Pledge Accounting                                                                                      UPTD: April 30, 2008

Click here and go to List of threads (THRDs) at www.bcidot.org

                 Below are some of our current views on the topic of Pledge Accounting and QBooks:

>>  Following the position found in  0021,  pledge accounting should not be combined with a QB fund accounting effort.  

>>  As pointed out in  0004  and  0127,  do NOT try to combine pledge accounting with extremely important daily accounting and reporting needs.  Example:   there is no need to make regular entries to  "Pledge Receivables"  and  "Deferred Pledge Income"  accounting records.  Pledge GAAP reporting is done only at the end of the fiscal year. 

>>  Via a separate database, the leadership needs to know if people are keeping their pledge commitments and then follow your policy in reporting this information to the donor/pledger.

>>  More pledge information is found within  0061

>>  See content of   0621  where donation records are keep using a separate QBooks company.  We do NOT recommend that you use QBooks for pledge accounting, as there is software out there that nicely cares for this need.

                Let me know at  Jim@bcidot.org  if you have some thoughts or observations on this topic..

      Please Click here for more topics having to do with the use of "QuickBooks and Ministry Fund Accounting"  on www.bcidot.org.  The bulk of this Publication originated in January 2002.and was UPTD: April 30, 2008  

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