Terminology

• 501(c)(3) – A tax-exempt charitable organization classification.
• 501(c)(6) – A tax-exempt classification for business leagues, associations, and chambers of commerce.
• Financial Entity – A business unit in iMIS that maintains separate financial books, such as an organization or fund.
• Fund – A specific type of entity designed to solicit donations.
• GL Export – A process in the GL Processor that exports financial data for an organization.
• iMIS GL Processor Cloud – A tool that allows defining organizations requiring a GL Export.
• iMIS – A financial and membership management system.
• Organization – Defined in iMIS as either a 501(c)(6) association or a 501(c)(3) charity, requiring financial entity setup.
• Primary Financial Entity – The main financial entity associated with an organization in iMIS.
• Default Entity – The entity set as the default financial entity in iMIS.
• GL Export Template – The GL Export Template defines the format and structure of financial data exports in iMIS.  It specifies:
  1. File Export Type - Determines the output format, such as IIF (Intuit Interchange Format) or Delimited (CSV, TXT, etc.).
  2. Field Schema - Defines the data fields included in the export file, ensuring compatibility with the organization’s accounting system.