fundRaising Manager supports the setup and receipting of Pledges that entail the receipt of multiple installments during the course of fulfilling the entire amount of the Pledge. The structure includes a top level Opportunity which is set with a Pledge Opportunity Record Type and then related with one or multiple installment payments that are directly associated with the Pledge.
1) Creation of the Pledge
- Navigate to the Opportunity Tab
- Select the 'New' button on the Compact Layout
- In the resulting list of Opportunity Record Types, choose Pledge
- Enter the mandatory fields of Opporunity Name, Amount, Close Date and Stage
-Also enter Contact or Account related to Pledge
2. Create Individual Installments
- Navigate to Pledge record
- Select the Installment tab
- Select New button on the top right side
- Select Donation Record Type for new Opportunity
- Enter details of Pledge installment into the Donation Opportunity Record Type
- Provide Installment Opportunity name, Amount, Close Date(Date money received), Set Stage to Closed Won,
- Enter Primary Contact or Account details to be on Receipt
3) Receipt Installment
- Navigate to installment record
- Select the Create Receipt button
4. Continue process with creating installments as additional payments are received.