3. When transactions settle each night, they will be entered into a Batch with the settlement date set as the deposit date. The daily Batches will be automatically balanced and (optionally) automatically closed by changing the Auto Close Online Batches setting (Admin > Settings > Finance > Batches) to True.

4. The Deposits Totals report has been removed as it is no longer needed. 

5. The Settlements report is temporarily still available for you to reconcile transactions prior to the release of this update. The report should not be needed moving forward since the settlement Batches will match the Batch entry page now. 

6. A new Soft Credit option is now available when creating a Batch entry that allows you to give credit to a person for a contribution from another entity.
a. The Giving tab on a person’s record will now show a Soft Credit Detail section if they have a soft credit.
b. Soft Credit Summary by Fund (Non Tax Deductible) and Soft Credit Contributions (Non Tax Deductible) sections have been added to the default statement template and can optionally be added to a custom contribution statement, if your church uses a custom one.
c. The Contribution Search page will show a Soft Credit option in the Contribution Type dropdown menu. This will be unchecked by default.
d. The Pledge page will count Soft Credits as a gift given to a pledge, not a gift given not to a pledge for pledge calculations.
e. Any gift that has a Soft Credit associated with it will not show on the Pledge Fulfillment Report to avoid being double counted.
f. To make it easy for you to associate soft credits, anytime a soft credit is associated with to a donor, the next time you check the box to associate a soft credit the system will remember and recommend the previous associate person(s).
i. Note: if you would like the association to happen automatically (without needing to check the box for future gifts) we have a new admin setting named Auto-check Soft Credit if Associated (Admin > Settings > Finance > Batches) that can do this for you if you set it to True.

7. The setup for Fund Sets has been reworked to be easier to manage. You can now view and manage fund sets on a tab of the Fund Management page. We also have an optional new admin setting (User Sees Fund Set on Giving Tab setting, found on the Admin > Settings > Finance > Giving Tab) that when enabled will cause any user who does not have a Finance role to see the name of the Fund Set on their Giving tab and Contribution Statement, instead of the fund name.

As always, we are here if you have questions. These changes should make the reconciliation process with your bank and general ledger super easy and reduce several steps. Thanks to many of our partner churches for your feedback as we’ve enhanced this important area of the system for you.

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We recently released several updates related to the Finance – Phase I changes based on feedback from our partner churches.

1. The number pad on the keyboard can now be used to quickly enter contributions without needing to use your mouse.  The Enter key performs the same function as the Tab key.

2. Contribution notes now display in Batches the same way they did in Bundles. This means that staff-entered notes will be visible on the Batches page. Donor-entered notes can be viewed on the Contribution Search page by checking the “Filter by Donor Notes” checkbox.

3. Save & Next button has been added to the Batch entry box that allows you to save that entry and automatically go to the next entry.

4. In line editing is now available within a Batch for the following:
a. Source
b. Fund / Code
c. Type
d. Amount
e. Check/Last 4
f. Notes

5. Split entry icon has been added between the delete and edit icons for each entry. This will open a popup window to set the “Split Amount” and “Split Fund”.
6. The Reference # will now show in unclosed Batches.
7. A link to the Batch report is now available on the Batch page itself, in addition to the Batches page.
8. The Pledge Fulfillment Report link has been added back to the Fund page.
9. Deceased people no longer show up in the dropdown when attributing a check.
10. The new Pledge page calculations now include joint giving if the person has joint giving with their spouse.
11. The Donor Totals by Range report now includes non tax deductible contributions.

Thank you to the churches that provided feedback and helped make the system better for all churches. Our goal is to make these pages easy to use and reduce the time needed to manage your contributions.

Finance – Phase II is just around the corner. Keep an eye on the blog for more details soon! 

Hey there, fellow finance superheroes!

We have been working hard behind the scenes on Phase II of the Finance changes and there is a tweak to how we will handle imported online contributions from 3rd party platforms moving forward.

Starting Tuesday, August 15th, the “Online” batch type will be reserved exclusively for online contributions processed through TouchPoint using one of the integrated payment processors. This is because we do not want you to have to move those manually or to co-mingle these transactions, which will make reconciliation more difficult.

This means any contributions imported online from 3rd party services will now be placed in a different batch type. Fear not! We have made the change super easy for you. Simply follow the instructions based on the various 3rd party platform(s) you might use:

• Pushpay – if you already have these going to a batch type other than “Online”, no changes are needed. If you currently have them going to “Online”, they will now go to “Loose Checks and Cash”. You can change this in your admin settings and set up a new batch type or pick a batch type that already exists.
  
• Txt2Give – will now go to “Loose Checks and Cash” by default. You can manually change the batch type after it is created. We have asked Txt2Give to import these in a new batch type called “Txt2Give” and they have told us they will make the change, but they will not commit to a timeline for when this will be done.
  
• Onlinegiving.org – will now go to a new batch type called “OnlineGiving”.
  
• Manual Imports – keep doing things the same way but if you used to select the batch type from a list, then “Online” will no longer be available and you can either set up a new batch type or pick a batch type that already exists.

If you are using a 3rd party, our recommendation is to create a whole new batch type for those contributions. This way, you will be able to filter, sort, and report on them in the future with ease. Creating a new batch type is simple. Just head over to Admin > Advanced > Lookup Codes > Batch Types and work your magic. Abracadabra!

If you’d like us to help you mass update legacy batch types, please contact support.

So, to recap: Online contributions from 3rd party services will no longer import into the “Online” batch which will make the reconciliation process easier once Phase II is released.

REMEMBER: You can save even more time (and money $$$) by using our fully integrated payment processing called TouchPoint Giving. To learn more, email Morgan Mudge today.

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