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Contact your accounting department to determine if and how your organization complies with this requirement. For each Fundraising Campaignfundraising campaign, you can configure whether or not future pledge payments are discounted to present value.
Aptify supports the following discounting option options for Fundraising Campaignsfundraising campaigns:
- Do not discount: Uncheck Clear both the Discount Revenue On First Year Payments and the Discount Revenue After First Year options.
- Discount installments after the first year only: Remove Clear the check mark from the Discount Revenue On First Year Payments option but check , and select the Discount Revenue After First Year option.
- Discount all future installments: Select both the Discount Revenue On First Year Payments and the Discount Revenue After First Year boxes options.
Note that when pledges are discounted (either all future payments or only those after the first year), the discount rate used to calculate the pledge's present value is specified on the Pledges record. See A Note on Discounting and About Present Value and Discount Rates for more information on discounting pledge amounts.