Assessments

re: Assessments

Troy Wolbrink — Thu, 02 May 2019 17:23:03 GMT

Yes, you'll need an RC (which represents a "fund" within your fund accounting system) to represent your General Fund. For many ministries, this is 0000. But you can call it whatever you want.

re: Assessments

Tyndale Bible Translators — Wed, 01 May 2019 23:24:32 GMT

If our assessment amounts go into our general fund, do we need to have an RC code (class for Quickbooks, tag for Aplos) for the General Fund account?

re: Assessments

Troy Wolbrink — Wed, 17 Dec 2014 19:12:14 GMT

I think a "Payment Type-specific Assessment" is what you're referring to. You could set this to 2%, for example, for PayPal. But the exact charge from PayPal would probably never hit DonorWise. It would be in your Accounting program GL.

re: Assessments

arabellacheng — Fri, 12 Dec 2014 17:30:07 GMT

Hi Troy.

I think I understand a bit more about the assessments now, and believe that may be what we're looking for. However, I still have a question with regards to the transaction charge from PayPal, that is on top of the 2% standard rate they charge. Is there a way to account for the transaction charge in DW?

Thanks.

arabella

re: Assessments

arabellacheng — Tue, 09 Dec 2014 17:08:11 GMT

We actually don't want the $2 charge to show up for the donor. We want them to see the full amount they gave (sorry that should have read $100 on my post).

Where would we see the $2 charge in DonorWise, and would this be on a per transaction basis? As transactions with PayPal have both a % charge, as well as a flat rate transaction charge (e.g. $0.20 per transaction), so we couldn't just set a 2% charge for all PayPal transactions.

What is a project (designation)?

Thanks.

re: Assessments

Troy Wolbrink — Sat, 06 Dec 2014 17:40:55 GMT

The payment-type-specific assessment scheme would allow you to charge the receiving staff or project (designation) for the $2 charge. But this would not show up on the receipt to the donor. The donor will see the total amount they gave. But I'll keep your idea in mind!

re: Assessments

arabellacheng — Fri, 05 Dec 2014 18:21:48 GMT

Hi,

I'm wondering if there's a way in DonorWise to track the admin fees that we pay to PayPal for a donation transaction, for that donor.

For example, if a donor makes a $100 donation via PayPal, we only receive $98 from PayPal.

However, if we want to give the donor a tax-receipt for $50, but also want to reflect that there was a $2 admin charge, is that possible?

I'm not sure if the Payment Assessments are a part of this.

Thanks,

arabella