If you’re transferring money from one of your committees to another, it’s important to enter the data correctly for compliance reporting.
For this example, let’s say you’re transferring money from John for City Council 2024 to John for City Council 2028. In the 2024 account, you’d enter an expense to the 2028 committee. In the 2028 account, you’d enter a monetary contribution from the 2024 committee. This contribution needs to have splits to the individual donors that make up the transfer. The splits count toward the amount that the contributors may give to the committee receiving the transfer.
To import those splits, use the Transfer of Contributions Quick Import format. This format allows you to select the entity you’re transferring from and import all the splits at once.
As long as the two committees are linked in the Relationships section, the Reporting Code TSF will pull on the CA 460.
Note – this scenario is not applicable for internal transfers between bank accounts underneath the same filer. For more info on internal transfers, click here.