Promises, Pledges, and Receivables - Topic for February 23, 2010

Ever find yourself in continuous "discussions" with the development department over when promises or pledges should be recognized as revenue? Or engaged in heated debate with fundraisers over what promises or pledges should be invoiced, or whether those invoices should even be booked as receivables?

If the scenarios described above seem familiar, then make plans to attend the next nfpFMA meeting Tuesday, February 23, 2010 when Donna Wallace of Kerber, Eck & Braeckel will instruct nfpFMA members on the fine points of promises, pledges and revievables. She'll cover the distinction between them, how best to account for them, strategies for collecting and managing them, and how they move from the temporarily restricted classification to the unrestricted one.

It will make for a very informative meeting. Promise.