The pandemic forced nonprofits to change their day-to-day operations and business models overnight. Many nonprofits were forced to close at some point during the pandemic and cancel many in-person events including galas and other large fundraising events. Revenue shifted quickly from ticket sales to fundraising or
NPSP’s Accounting Subledger (ASL) is a fantastic new addition to the Salesforce.org suite of products. The Growth Edition of this product can generate Credits and Debits needed by accounting systems. However, out of the box, ASL does not have any reports that show account balances which can be very useful when reconciling and ensuring accuracy. Let’s fix that!
Foglight recently implemented NPSP and Accounting Subledger (ASL) for a customer who migrated from Tessitura. One of the challenges we faced with the ASL portion of the project is getting ASL to generate Ledger Entries for pledges that were migrated from Tessitura, without generating Ledger Entries for the other gifts that are complete.
So, you’ve installed NPSP and begun setting up some of the powerful out-of-the-box functionality that it provides! Features like automated soft credits, customizable roll-ups, and recurring donations, just to name a few. Most of these provide tremendous value in part to their ability to be tailored to meet your organization’s specific needs.
“Revenue is not cash and cash is not revenue.” This concept blew my mind when I was first introduced to accounting and it’s one of the things that can make accounting feel like a dark art, especially for non-profits managing several restricted funds. Enter Salesforce.org’s new Accounting Subledger (ASL) product.