What is a Revenue Form?
Forms are stand-alone web pages or little boxes embedded into a website that allow a person to enter information. They have blank fields where you can enter your name, drop-down boxes that you can select options from, and other special functions.
People often ask, "What is a Revenue Form? How is it different from Donation Form?"
Here's what we tell them:
Revenue Forms allow individuals and organizations to make payments to your Organization online. Revenue payments are any transactions that are not eligible for a donation receipt.
What are some examples of Revenue Payments?
Any payment can be considered revenue - as long as it's not eligible for a donation receipt. As a result, the possibilities are endless!
- Tickets to an event
- Registration for classes or workshops
- Sponsorships and Grants
What happens when a Revenue payment is made through a Keela Form?
There are several automated processes that occur when a revenue payment is submitted through a Keela Form. Let's take a look!
(1) Payee's Information
The payee's information will be stored in a new Contact or updated to an existing Contact record in Keela. You can add as many questions as you like, so it's a great opportunity to collect information!
(2) Revenue Information
The payment's information (amount, date, etc.) will be automatically applied to the payee's Contact record in Keela - meaning your reporting is always kept up to date!
(3) Revenue Payment
The payment information that was entered into the form will be sent directly to PayPal or Stripe to be automatically processed and deposited into your bank account - easy peasy!
(4) Revenue Transaction Receipt
A transaction receipt will be produced and sent to your payee automatically. This receipt will also be added to the Revenue record on the Contact's record in Keela.
Sounds pretty great right? Head over to our 1. How to Create a Form to get started.