How do I set up an admin fee on gift revenue?

Yes you can charge a percentage of gift revenue as a fee.  There are two considerations:

• Setting up the admin fee to calculate against the gift revenue account(s)
• Running the calculation properly

Set up the admin fee in the normal way. Potential changes:

• Assuming a straight percentage of 4% on a monthly calculation, enter 48% in the Straight % field. ( 4% times frequency of 12 times a year)
• In the Asset Based radio enter the range or ranges of the appropriate gift revenue accounts.

Running the calculation:

• Choose period amounts and ensure the from and through periods are correct.
• In our scenario choose monthly as the frequency

Quarterly and annual fees can also be done.  In the case of annual fees, the percentage would be the straight 4%.  For a quarterly fee, the percentage would be 16% for a 4% fee.