When to Receipt?
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When to Receipt?

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Article summary

How do I know when to receipt? Does infoodle have a best practice?

It does not matter when you do your receipting as you can do it whenever it suits you or your Church or Organisation. There are a variety of ways that different organisations generate their receipts:

  • One receipt run after year end
    For organisations such as churches, they will often collate their transactions throughout the year, and then once the year end is completed, they issue a tax receipt which is a total of the activity for a person during the just completed year.
  • On donation receipting
    For organisations that receive occasional donations which may only be once or twice a year from individuals and they wish to be responsive to them, they may wish to issue a receipt at the same time they received the donation.
  • Periodic receipting
    For some organisations it may be convenient for them to process their receipt run once a month, quarter etc.
  • Mixture of the above
    Depending on the type of organisation and donations received there may well be a combination of the above receipting processes happening throughout the year.
  • Infoodle best practice
    Send out statement(s) during the year and then generate receipts once per year.

See Finance terms for the distinction between receipts and statements.


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