Writing Off Pledges

Writing Off Pledges

Writing off Pledges sets the outstanding Pledge amount to zero and adjusts the Pledge history and General Ledger Journal to reflect the change.

NOTE: Pledge write-offs do not take effect until they are posted.

1. Open the desired Pledge on the Pledge tab (Pledge History supertab).

2. On the Pledge tab, click the Write-Off Pledge button. A window opens where you can confirm the date you want to assign to the written-off Pledge.     

Pledge Write-Off Date

NOTE: The default Write-off Date is today’s date, but you can enter a new date if necessary (for example, if the default period is not open in the General Ledger or if you want to use the date of the original Pledge). 

3. Make a note of the unposted Pledge number, and then click OK in the message window.

4. Once you verify the Write-off Date, click OK. A message appears telling you that write-off has been created and needs to be posted.

Example: Write Off Message

5. Run an error-free Pledge Edit report and then post the Pledge.

NOTE: Refer to Processing Pledges for more information on running the Edit report and posting the Pledge.