Nonprofit Financial Commons | Terri | Activity https://nonprofitfinancials.org/members/tfamties/activity/ Activity feed for Terri. Mon, 27 Jul 2026 18:33:49 -0500 https://buddypress.org/?v=2.3.70 en-US 30 hourly 2 b8690e303ebd36487acd90f4c8a970bd Terri started a new discussion in the forum Your Community Awaits https://nonprofitfinancials.org/forums/topic/50-50-fundraiser-ticket-sales-revenue-expense-question/ Thu, 01 Jun 2023 17:21:07 -0500 50/50 Fundraiser Ticket sales Revenue/Expense Question

Weekly we sold tickets for a 50/50 “pot” for several months and now have a winner. My question is should the weekly revenue be split half to a liability account and half to a revenue account then the winner would be paid the balance in the liability account or would all of the revenue be booked and recognized as revenue when received and then the…

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