Grant refunds post to spendable option
Please create an option (like the donations checkbox) or change the functionality so grant refunds post back to spendable. Cancellations post back to spendable, but not refunds. They are essentially the same only one has a refund check to deposit to the bank.
Marcy Minton
shared this idea
Released on 5/22/2024:
Grants: Added the ability to refund Grant to spendable. When refunding a grant from a fund with track spendable enabled, a new checkbox "Apply to Spendable" will appear in the refund box. Checking Apply to Spendable will add the refund amount into the fund's spendable balance. No permission changes.
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DeeAnn Rahn
commented
This is a critical option for us, because most of our refunds need to go back to the spendable portion of the fund so we can re-issue it or issue a new grant.
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Susan Lotreck
commented
This is a must!
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Tiffany Peterson
commented
Yes a checkbox would be very welcome and useful on grant/sch refunds, rather than processing a refund and an entry to modify the spendable amount.
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Alison Hawkinson
commented
There's currently the option to increase Spendable when receiving a Scholarship refund. It would be great to have that option for Grants as well.
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Connie Kreps
commented
With grant refunds from endowment funds, there should be a way to identify whether you want it to go back to spendable balance or to the default income balance. As it is, if a person other than the accountant does grant refunds they have to alert the accountant which is ripe for error due to missing the step. Or if the accountant processes the refunds they have to (1) remember to do and (2) do - a second process of entering the journal entry.