Non-Profit
Unconditional Promise to Give (Pledge)
Recording a written promise from a donor to contribute cash in the future.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Pledges Receivable | Asset (+) | 10,000.00 | - |
| Contributions Revenue (Restricted) | Revenue (+) | - | 10,000.00 |
💡 Accountant's Note
Pledges are recognized as revenue the moment the promise is made, provided it is unconditional. They are usually restricted by time until the cash is collected.
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