Learn · Chapter 5

Pledges and payments

Record a promise to give, track its installments, and close it out.

A pledge is a promise to give, not money received. Treating one as income you already have is the classic beginner mistake, and it double-counts your year.

Mich keeps the two apart. A pledge records the commitment and generates a schedule of installments; each payment against it is a separate record that reduces the outstanding balance.

Tutorials in this chapter

1 Create a pledge Record a commitment and let Mich build the payment schedule from it. Intermediate 2 Understand the installment schedule Read the generated schedule and the two statuses Mich keeps on a pledge. Intermediate 3 Record a pledge payment Apply a received payment to the right installment and let the pledge update itself. Intermediate 4 See what is overdue Find pledges falling behind, using status columns and the filter builder. Intermediate 5 Acknowledge a pledge Thank a donor for a commitment, using acknowledgments rather than receipts. Intermediate