Objective

Lay the foundation for DonorWise to correctly provide accounting entries. This applies whether you will integrate DonorWise to your accounting system or not.

Overview

For financial integrity, DonorWise requires a tight accounting structure. All funds processed must have a <%COA%> number and a <%RC%>. This ensures that all funds are accounted for both by type (such as donation or material sale) as well as by owner.

Reference Material

Accounting

Assessments

GL Accounts & RCs

Integrated GL Options

Manage Currencies

Manage Payment Types

Periods and Closing

Glossary Terms

Integrated General Ledger: When DonorWise connects directly to your accounting system. This allows DonorWise to rely on your accounting system for <%COA%> and <%RC%> information.

Non-Integrated Mode: When DonorWise does not connect to your accounting system. In this case, <%COA%> and <%RC%> information is maintained inside DonorWise. You can then export accounting information either to upload into your accounting system or to manually enter.

Exercises