04-26-2007, 10:05 AM
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#8 (permalink)
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| ah one, and ah two Join Date: May 2006 Location: Sarasota, FL
Posts: 433
Rep Power: 3 
| Sounds to me like the attendees think they are making a donation to your org. But in fact they are paying Company A so Company A can look like they are making the donation. On the surface it appears to be an ethically-challenged scenario.
Only $75 should have been entered in RE and accounting should record the balance as misc income since they are basically moving $49,175 to Company A to cover their proposal for scholarships.
Do the attendees know this was happening?
__________________
Michael J. Sherman
Database Administrator
Sarasota Orchestra (name change 9/3/08)
The new Florida West Coast Symphony
msherman "at" SarasotaOrchestra "dot" org |