The Financial Post

Estimated read time: 3 minutes

Hello and welcome to The Financial Post for November 2021!

On the first Thursday of every month, we bring you the latest Blackbaud Financial Edge NXT® news on everything from current projects and initiatives to release information and much more!

If you didn’t get a chance to read the last edition of The Financial Post last month, you can check it out here.

In This Issue

This month's post features these topics:

• SKY UX® Update
• 1099 Tax Changes
• Accounts Receivable Customer Tech Preview
• Tell Us What You Think!

SKY UX Update

We’re continuing to update and modernize Blackbaud Financial Edge NXT, working behind the scenes to update to the latest version of SKY UX—the underlying framework that allows us to deliver a more cohesive user experience across many of our products.

We’ve recently released updates to Accounts, Projects, Grants, and Budgets. You can see product screenshots and learn more about these recent enhancements by checking out What's Recent.

The next capabilities we plan to release as part of this effort will include the following areas:

• Fixed Assets
• Credit Cards
• Deposits
• Payments
• Bank Accounts

For more detail about these enhancements, check out What's Next.

1099 Tax Changes

To accommodate recent IRS tax form changes, we added the NEC – Direct sales of $5,000 or more checkbox under 1099s on the vendor record and re-labeled the MISC – Direct sales of $5,000 or more checkbox.

In addition, “Fish purchased for resale” is now an option when selecting 1099 box numbers. These updates will also display under 1099s on invoices and credit memos.

For more information about end-of-year tax forms, check out these helpful resources.

Accounts Receivable Customer Tech Preview

Our Accounts Receivable Customer Tech Preview (CTP) is now in phase 2, focusing on deposits and payments.

We are currently partnering with around 17 Accounts Receivable customers to learn everything we can about their receivables processes in Blackbaud Financial Edge NXT.

If you aren’t familiar with CTPs, they’re a new and exciting way for us to gather customer feedback that will help enrich the development of Blackbaud Financial Edge NXT capabilities. We will keep you informed as this CTP progresses!

For now, check out this video about Clients in Accounts Receivable.

Tell Us What You Think!

Thanks so much for checking out this month's Financial Post. You've heard from us on the latest Blackbaud Financial Edge NXT updates, and now we want to hear from you!

• Want to share your excitement about this month's update or a suggestion for next month's post? Let us know in the comment section below.
• Have a great idea on how to make Blackbaud Financial Edge NXT even better? Stop by the Idea Bank to submit a suggestion.

We hope you'll stop by to check out next month's issue!