payment date
The payment date for grants should automatically become the check date. It doesn't make sense for the payment date to be the date it was entered and causes confusion with donors wondering why organizations haven't received checks when the payment date is before the grant date and/or before the date checks are run.
Wendy Witte
shared this idea
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Julie
commented
The field that is currently labeled "Payment Date" should be Voucher Date and the Field labeled "Check Date" should be relabeled as "Payment Date"
Check doesn't make sense when payments are done electronically.
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Erica Walker
commented
We would really love to have a bulk edit option for the payment schedule date and bulk edit date. To offer some context from an accounting perspective, the concern is that the grant date and edit payment schedule dates are different especially when grants are entered or submitted on a certain date but are needing to be paid on a schedule, typically a Friday for us. The grant date is what drives the date the expense is posted to the GL. We have had to manually update the payment schedule date and the grant date for each grant since there is not a bulk edit functionality available. Currently, our grant numbers are manageable, but in peak season we are processing sometimes 250 grants in a week. It would be beyond helpful to have the bulk edit option available.