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An Arrears pledge is a pledge that has ended and still has a balance. For example, a contributor had a total pledge of $1000 to the Budget Fund between 1/1/2013 and 12/31/2013. At the end of the year, they have given a total of $900 to the pledge and they have a balance of $100 remaining.
You can select to automatically post arrears payments to these pledges until they are paid in full. Once you set the Auto Post Arrears option in Contributions Setup, you will also need to set this up on the fund level or on the individual pledges.
To set up arrears posting
- Under Advanced Tools, click the Settings tab.
- In the drop-down list select Contributions and click Go .
- On the Configuration tab, under Posting Options section, select Auto Post Arrears.
- Click OK, then Close. See the Posting to Arrears Pledges topic to set up arrears posting on individual pledges or at the fund level.