Vanco contribution refund
Moderators: Moderators, Tech Support
-
- Posts: 26
- Joined: Fri Feb 25, 2022 6:13 pm
Vanco contribution refund
A member had to discontinue their Vanco contribution. She was unable to stop the last contribution in time and requested a refund. A check was issued to her. How do I enter that on the accounting side and show it returned on her contribution statement?
Re: Vanco contribution refund
First make sure any other contributions have been posted to Funds Accounting. Then do a reversal in Contributions, which will remove the donation from the statement, then only POST TO CONTRIBUTIONS ONLY .StPaulUCC2 wrote: ↑Fri Sep 08, 2023 8:27 pmA member had to discontinue their Vanco contribution. She was unable to stop the last contribution in time and requested a refund. A check was issued to her. How do I enter that on the accounting side and show it returned on her contribution statement?
As far as on the Accounting side, it was already deposited as income. Not much you can do there, but you can expense it under miscellaneous operating expense. If you don't have such an account, create one as there will always be something like this that fits no other place. Just include as much information as you can in the contribution reversal, and the Accounts Payable invoice created when you cut the check.
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.