Eft's & Payroll Deductions

Julie Games

whats the best way to set up Eft's and payroll deductions? Enter them as pledges?

JoAnn Strommen

@Julie games For us the deciding factor between a recurring gift and entering as a pledge is if we have a set total amount to be given. If we have a total amount, we enter payroll/EFTs/ACHs as pledges. If the payments are to continue indefinitely, we enter as a recurring gift.

There is a slight difference in how they will pull if you are reporting on expected revenue. Simplified explanation: Pledges will pull full pledge amount, recurring gifts will only pull what has been paid for most reports. Some orgs will put an end date for recurring gifts.

Be sure you recognize the difference between recurring gift and recurring batch. You can have a recurring batch of any/either gift type.

Julie Games

@JoAnn Strommen
this info is very helpful! Thank you for your insight! Since the recurring gifts and Eft's are open-ended and the same amount, i will go with the recurring gift entry! Thanks again!

Jennifer Kluh

@Julie games
I use recurring gift entry if it is a payroll deduction since it is the same amount. When It is a book or jewelry sale or tickets for our events we will use a pledge since the amounts are not always the same.