How does Giving work?
Giving streamlines your financial operations by treating purchase transactions and giving transactions as distinct processes:
Purchase transactions: The payments you make for goods or services.
Giving transactions: The additional donations payment to a charitable organization.
This separation simplifies reconciliation and reporting, creating a smoother and more efficient experience for both you and your customers.
The Benefits of Transaction Separation
When purchase transactions are kept separate from giving transactions:
There's no need to untangle combined purchase and donation amounts.
There's no need to deposit the donation amounts into your merchant account.
Your regular financial reporting remains unaffected.
Your finance team isn't burdened with the management of charitable contributions.
Your customers can see exactly where their donations are going, making the process transparent.
In essence, by separating transactions, we make your accounting and reporting tasks straightforward and hassle-free.