How to effectively implement a system of records of payments on the crowdfunding portal?
Need very help in the matter of the accounting of payments on the crowdfunding portal.
If the initiator of the project starts commercial project on the portal, with the aim of collecting money for a future product, then every backer who supported the project with money, will have to obtain this item.
Technically through the portal is that the Baker donated money to support the project.
For this Becker receives letter of thanks from the portal, and check number (where specified product name and approximate time of delivery of the goods). A check that will allow Becker to get him the product in the future. But in the case that the initiator for some reason do not have time to implement the project or simply refuse to implement it, what to do with all the checks which received the bakers? They have to cancel? Or to put the project up for auction that someone has committed itself to bring the project to the final stage and make a reissue of the check?
The main problem I'm interested in what? When to issue a check for the Becker project: at the time of the fundraiser, from the moment of sale or when a partial product is ready?