Good morning, everyone.
I am in conversations with Blackbaud to adopt their Merchant Services program/application. My biggest hurdle at the moment is that they disburse net of fees, whereas our current setup disburses gross of fees, and my Accounting department says moving to a reconciliation net of fees would be logistically cumbersome to them. When I spoke with the Blackbaud rep, he said he has never encountered this feedback before.
Since I don't work in Accounting I'm not very familiar with how they are reconciling, I would love it if any of you had procedures in place that you are willing to share that I could pass on to them that detail how cash reconciliation can take place with credit card disbursements net of fees.
Thanks in advance!
Lisa M. Johnson
Manager, Development Services
The Valley Hospital Foundation
Phone: 201-447-8427
Cell: 973-865-4797
Ljohnso7@valleyhealth.com<mailto:
Ljohnso7@valleyhealth.com>