Reconciliation of Gift Revenues Between Development Reporting and General Ledger
Development and Alumni Relations provides Accounting Services with a monthly spreadsheet summarizing the amount of gifts reported on Development’s gift-tracking software. Accounting Services compares this information to the amount of gifts recorded on general ledger for each of the cost centers listed. Discrepancies are investigated to ensure consistent reporting of annual gifts between Development and Alumni Relations and the financial reporting provided via general ledger.
On a quarterly basis, Accounting Services reconciles the amounts reported on Development and Alumni Relation’s quarterly board report to general ledger.