User Support Forum

Greetings:

If I receive a $10,000 contribution in 2017 FOR 2018, and I want to show the income spread over the 12 months of 2018 … should I receive it into a liability account and then release 1/12 of it monthly to contributions income in 2018?

Thanks for your assistance!
Linda - St. Paul's Episcopal

stpaulser wrote:Greetings:

If I receive a $10,000 contribution in 2017 FOR 2018, and I want to show the income spread over the 12 months of 2018 … should I receive it into a liability account and then release 1/12 of it monthly to contributions income in 2018?

Thanks for your assistance!
Linda - St. Paul's Episcopal

The quick answer is 'yes'.

The long answer is:
1. It has to appear on the 2017 contributions statement, as it was given in 2017.
2. You'll need to create an Funds Accounting transaction to move the funds from Tithes & Offerings income to the liability account (DB - tithes, CR - Liability) so it won't show up in this years income after Contributions have been posted.

Does this help?

Yes, just what I was thinking. Glad I got it right!