In Tony's blog post, Financial vs. Development, he discusses two different possibilities on pledges-- are they a firm commitment, or are they more a promise to make a contribution in the future. This might seem like semantics, but when it comes to financial tracking, you would want to handle them differently. Here's an article from previous FundRaiser lead trainer, Larry Weaver, that helps you decide how you might want to handle these two different situations.1. Divide and Conquer: Pledge or Promise?
First, it's good to know whether your pledges are better tracked through FundRaiser's Pledge Module (optional in Select, included in Professional) or not. That will depend on the make-up of the pledge itself. If a person (or organization) promises to give you a particular gift in the future, and will be giving it to you in one payment, then you don't need to use the Pledge Module, necessarily. The determining factor, in this case, might be whether you need to track promised payments as "accounts receivable" for accounting purposes. If so, you'll probably want to use the Pledge Module, as it makes it easier to do. If not, then you may just need to use the Gift Type Code "Later - Promise to Pay", to record a pledged amount.