Unleashing the Power of Transaction Codes in Financial Edge NXT to Elevate your Reporting and Data Analytics for Endowment Accounting

In this session we will deep dive into a working example of how to use transaction codes to handle your endowment accounting natively within Financial Edge NXT. Transaction codes are user-defined fields that allow you to categorize, track, and analyze transactions. In addition to the above functionality, transaction codes have the added benefit of closing out to net assets, allowing you to dissect your data in new and insightful ways. Learn tips and tricks on how you can break down your net assets by categories while still rolling up into “with donor restrictions” and “without donor restrictions” at the organizational level and give you the ability to run endowment reports real time.

Track
Accounting
Products
Blackbaud Financial Edge NXT®
Susan Smith