Reversing Non-Collectible Pledges
If a pledge is judged to be Non-Collectible, it can be written off. Discuss with your accounting department about when a pledge should be written off as opposed to cancelled.
Follow these steps to write off a pledge and its remaining balance:
- Open the relevant Pledges record.
- In the Status field, select Written Off.
- Save the record.
- For Written pledges, Aptify generates a Bad Debt Write-Off payment in the amount of the pledge's remaining balance. See About the Bad Debt Write-Off Payment Type for more information.
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