Dealing with grant reversions
Does anyone have a good way to deal with grant reversions in Payment tracker? In other words if we pay a grantee $5,000 and they end up returning $500 and we enter that as a negative second payment, then we are still reminded that we owe $500 and I can't go in and change the amount awarded at that point (grayed out). Even if I could that would be an unsatisfactory fix because it doesn't reflect the original award. It would be preferable to have a reversion field.
Thanks for your thoughts!
Kim Anderson
Humanities Montana
posted June 14, 2012 by Kim Anderson, Humanities Montana
Ideas
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Moved to Archive during a clean up effort in April 2024.
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Peg Thomas
commented
Reading through this: I have a returned grant, did anyone come up with a solution?
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Ideas
commented
We need to be able to record refunds and cancelled grants. Without this feature the payment reports are of limited value. We have already had two grant cancellations this year.
posted July 18, 2012 by Erin Baird, Allegany Franciscan Ministries
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Betty
commented
Hello Kim and Art,
We are hearing more and more about having the ability to record unused funds, returned funds, canceled funds etc. We have this on our list of potential software enhancements and we will keep you updated on the progress.
Thank you for posting and commenting on this discussion and please keep the ideas coming.
- Betty Bloomer
Foundant Technologies Client Services
posted July 16, 2012 by Betty Bloomer, Foundant Technologies
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Ideas
commented
I have the same issue with a few of our grantees as well. I would like to know a "fix" too.
Art Sundstrom
Deerbrook Charitable Trust
posted July 10, 2012 by Art Sundstrom, Deerbrook Charitable Trust