Every nonprofit organization must properly record financial transactions. Income from all sources and payment methods should be managed in a single repository. In addition, proper donor receipting and auditing compliance are vital to all nonprofits, regardless of size.
Our solution tracks all financial transactions from a variety of sources and methods, including Credit Card and Electronic Funds Transfer (EFT). If transactions are updated, the changes are recorded and the original records are locked to ensure a proper audit trail. Automated receipt processing ensures that all donors receive acknowledgments quickly and correctly.
Download Transaction Processing brochure (PDF, 76K)
Benefits of our Transaction Processing solution:
- All income sources can be tracked in one system
- Donors have multiple payment options
- Automatic payment scheduling makes it easier for donors to fulfill their pledges
- Credit and Debit account numbers allow transactions to be exported to an accounting package
- Audit logs permit the entire history of a transaction to be reviewed
Features of our Transaction Processing solution:
- Financial transactions of all types can be processed: donations, pledges, pledge payments, membership purchases, event fees, subscriptions, etc.
- Credit card information can be recorded and automatically submitted for approval
- EFT payments can be accepted
- Automatic Pledge Payments can be scheduled using EFT or credit card information
- Multiple credit card merchant accounts can be used
- Transactions can be automatically assigned credit and debit account numbers
- Changes to transactions are recorded in audit logs
- Acknowledgment rules can be defined to ensure that all transactions receive the proper type of receipt or acknowledgment
- Batch Entry allows review and verification of gift processing
- Numerous standard and user-defined fields allow all relevant information about a transaction to be recorded
Make the most of your organization's fundraising efforts by combining these related donor management solutions:
Prospect Research Reporting and Analytics