Non-Profit
Recurring Donor Cancellation — Pledge Write-Off
Writing off the remaining expected future donations when a monthly donor cancels their commitment.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Allowance for Uncollectible Pledges | Contra-Asset (-) | 600.00 | - |
| Pledges Receivable (Future Months) | Asset (-) | - | 600.00 |
💡 Accountant's Note
If the NGO had previously recognized a multi-period pledge receivable, the uncollected future amounts must be written off when the donor cancels. If no receivable was set up, no entry is needed.
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