We have donors that pledge a multi year donations. For example, a $50k donation that will be paid in $10k increments once per year. Would LOVE to receive feedback from anyone on the following.
- Do you recognize revenue for these future 'Pledged' donations when that pledge is made or only as the cash is received each year?
- If you recognize the revenue, does it all get recognized in the current period or do you defer/amortize any of it?
- Do you enter this in as a Recurring Donation or a single Opportunity with a Payment schedule?
- For the purposes of the Contact/Account rollups, do you consider this a single $50k donation or five $10k donations? If using Recurring Donations and considering it as a single $50k, how are you working that into your rollups on the Contact without double counting?
TIA for any feedback. Looking to see how everyone is doing this so we can align on best practices! :)
