Host Merchant Services – Credit Card Processing and Point of Sale for Small Business

One line on a bank statement represents many net figures, including forty tenants, twelve owners, and three fees. This is what a processing batch deposit looks like when a property management portfolio grows, and it is why rent payment reconciliation teams cannot consider multi-property batch deposits as one-line entries. Each of those deposits contains gross rent, processing...

Rent payments from tenants are deposited on Tuesday into the trust account. By Thursday, the owner’s disbursement is made. Then, on Friday, the bank takes back the payment and the money the property manager sent is gone. This happens all the time, and it usually has nothing to do with fraud or carelessness.

It has to do with the timing of the banking system. The mo...

A donor calls three weeks after giving. Her tax receipt has just landed in her inbox. She is now requesting a refund. Could she have intended a different (or no) donation? Was the donation meant to fund something else that has now been canceled? Could she have meant to write $500 instead of $5,000? Whatever the reasoning, the donation is no longer the warm and fuzzy gift to h...

There is a record of $50,000 being raised on your dashboard. Your bank account shows a balance of $47,750. There were no fraudulent transactions that could account for the discrepancy. There were no duplicate transactions. The gap is typical of the donation processing methods that are standard today.

Each nonprofit finance team inevitably experiences this situation....

A $50 donation vs. a $50,000 donation should never require the same level of consideration. But most nonprofits do just that, simply processing donations based on the buttons clicked. While this method may be efficient (and harmless) when it comes to small donations, larger donations can mean thousands of lost dollars for an organization, as a payment rail chosen by a donor c...