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Vanco contribution refund
Posted: Fri Sep 08, 2023 8:27 pm
by StPaulUCC2
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
Posted: Sat Sep 09, 2023 6:53 pm
by NeilZ
StPaulUCC2 wrote: ↑Fri Sep 08, 2023 8:27 pm
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?
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 .
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.