Credit card transaction date vs BBMS approved date

Sheila Wortham

When receiving donations via credit card, does your organization use the transaction date as the gift date or the post date as the gift date? We usually have a period between the transaction date and the post date, which causes an issue with accounting. I believe the charge date is the gift date. Searching for a solution.

Stacy Evans

We use the transaction date because that's the date the credit card was charge. I've learned from experience not to use the post date. We leave that for the accountants because it causes problems down the line.