Hi Kara, A few years ago we switched to pay periods of the 15th and last day of the month. Our pay dates are then on the 5th of the month and the 20th of the month. Due to where the dates land on days of the week (or weekend) once and a while there is a bit of a quick turn around needed, however, it has suited our needs.
I’d be interested in learning what a new to the nonprofit world CFO should know about fundraising. The legalities, the tax benefits. I don’t know if this has been discussed before.
I would agree with Kendell. The entity/person listed as the checking account holder is the donor/grantor. The soft credit is the optional record for tracking touch points with donors.
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