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Reply To: DAF Gifts: Budget/Financial Docs vs Fundraising Report Confusion

Great questions, Joseph. There is a lot of confusion about DAFs, and they are growing in popularity with both middle-class individual donors as well as…

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Reply To: 50/50 Fundraiser Ticket sales Revenue/Expense Question

I would go with the liability option. You know from the getgo that 50% of every ticket sale is owed to the winner so there…

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Reply To: DAF Gifts: Budget/Financial Docs vs Fundraising Report Confusion

Our finance department and advancement departments use the same categorizing so the reports line up. I think this raises a bigger issue about why Finance/Quickbooks…

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Reply To: DAF Gifts: Budget/Financial Docs vs Fundraising Report Confusion

Hi Joseph, Our organization works in Salesforce and QBO as well. We revamped our income chart of accounts this year to be scale down on…

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Reply To: DAF Gifts: Budget/Financial Docs vs Fundraising Report Confusion

I think it is important that fiscal and fundraising are consistent. We use Quickbooks and Exceed Further (not Salesforce) since they are compatible and donations…

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Reply To: DAF Gifts: Budget/Financial Docs vs Fundraising Report Confusion

I’ve also dealt with similar issues at my current and past organizations. I generally categorize DAF/family foundation gifts under individual contributions because those types are…

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Reply To: DAF Gifts: Budget/Financial Docs vs Fundraising Report Confusion

Hi, Joseph, I ran into a similar issue, with the same confusion over how the development staff categorized funding and how the finance team did.…

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Reply To: DAF Gifts: Budget/Financial Docs vs Fundraising Report Confusion

Hi Joseph, This is an area we also spend a lot of time thinking about, and how to better create clarity in terms of grants…

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Reply To: DAF Gifts: Budget/Financial Docs vs Fundraising Report Confusion

In the short term, perhaps you could create a journal entry on a monthly basis to redirect the DAF portion of grants to the account/cost…

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Reply To: DAF Gifts: Budget/Financial Docs vs Fundraising Report Confusion

Hi Joseph, I’m on the finance side of an organization with a similar systems arrangement: QuickBooks and Salesforce, where the systems are not linked and…

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