The Financial Post 8802

The Financial Post

Published

Estimated read time: 4 minutes 45 seconds

Hello and welcome to The Financial Post for January 2023!

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 haven’t had a chance to read last month’s edition of The Financial Post, you can check it out here.

In This Issue

This month's post features these topics:

  • What’s Next
  • End of Year Resources
  • Customer Success Webinars
  • Stay in the Know

What’s Next

We are currently working on several features and enhancements for Financial Edge NXT web view. Here are some of the updates you will see in upcoming releases:

Journal Entry enhancements — Based on your feedback, we are making enhancements to how you see and manage Journal Entry batch information.

In fact, if you're interested in seeing these updates early and sharing feedback, we will include you in the first wave release! Let us know if interested. Here are the Journal Entry enhancements:

  • You can now see more JE lines on the screen when adding and editing journal entry forms.
  • You can now insert new JE lines between existing JE lines.
  • You can copy and reverse batches from the JE list page, instead of having to open the JE batch record page first.
  • On the JE batch record page, you now have access to attachments and add-ins on flyouts instead of tiles.
  • On the JE batch record page, pagination with 10 lines per page has been removed and infinite scrolling is now available to view more JE lines at once. Initially, 50 JE lines will be loaded; when you scroll down, the next set of 50 lines will load.

Budgets – You will soon be able to copy/forecast budgets and increase/decrease budgets in web view.

Interfund sets – You will soon be able to add interfund sets in web view. Interfund entry sets are used to transfer activity between accounts in different funds and ensure distributions balance.

Treasury — We’re introducing updates to Treasury's deposits and Miscellaneous (Misc.) Payments in Financial Edge NXT in the coming weeks. Misc. Payments replace Cash Receipts in the database view, so you'll no longer have access to them. Bank accounts, credit card accounts, and Treasury reports are not impacted by these changes.

To learn more about the changes, view the tutorial. If you want to participate in the EAP, click here to complete the survey.

Bank Feed (Yodlee) — We are upgrading our Yodlee/Fastlink APIs in Financial Edge NXT to improve performance and offer better user experience. This upgrade also supports Open banking.

Payables Business Rules — You will soon be able to manage Payables business rules in web view. Business rules help you customize standard procedures and requirements.

Payables Reports — The Vendor Activity and Aged Payables reports will soon be available in web view.

Attachments — For security purposes, we are updating how the Media tabs in database view handle downloading attachments. To make attachments more secure and minimize the risk of malware, you will now download a shortcut (URL extension) to the file instead.

Receivables – Receivables is currently in our Customer Technology Preview (CTP). We are monitoring your feedback and making improvements as we prepare for general availability.

Permissions—Manage all user security from web view.

End-of-Year Resources

As you prepare for end-of-year processing and reporting, we wanted to share a few helpful resources.

  • 1099 Wizards. Use these interactive 1099-MISC and 1099 NEC wizards for information about correcting 1099 boxes.
  • Tax Resources in the Community. The Tax Season Resource page is a great place to ask questions and take part in discussions with your peers.
  • Account Payable FAQs. Accounts Payable (AP) gives you the option to prepare your 1099s and then eFile though Aatrix. Here are the most frequently asked questions (FAQs).
  • Producing 1099s (Video). This video walks through producing 1099s in the Financial Edge.
  • General Ledger FAQs. Here are the most frequently asked questions (FAQs) related to General Ledger end-of-year processing.
  • Customer Success Webinars. And don’t forget our webinars this month covering 1099 preparations and processing. For more information, including sign-up details, check out the Customer Success Webinars section below.

Customer Success Webinars

You are invited to attend the Financial Edge NXT enablement webinars we have scheduled for January!

The Blackbaud Customer Success Team is offering a series of webinars to help you focus on preparing for tax season and closing out your calendar year in Blackbaud Financial Edge NXT®.

If you’re unable to attend, you can still register and view the on-demand session at a later time. To learn more, click here.

Stay in the Know

Thirsty for more Financial Edge NXT knowledge? Here are some of the best ways to learn more about what's coming:

Community Announcements. The Community is a great way to stay informed. Subscribe to Financial Edge NXT Community Announcements by clicking on the "Subscribe" link at the top of this blog. You can then select how often you want to receive update notifications.

Release Updates. Check out What's Recent, What's New, and What's Next to get all the details on prior, current, and future releases. To help keep you up to date on the most recent developments, What's New automatically opens when you log in to the web view.

In-Product Help. Help documentation throughout Financial Edge NXT is context sensitive. So, no matter where you are in the solution, you can click the bright green question mark at the top right of your screen to get help for that feature.

Product Update Briefings (PUB). Check out the most recent Financial Edge NXT PUB from BBCON in October, now on demand, to hear from our product management team directly on the latest and upcoming development for Financial Edge NXT!

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

News Blackbaud Financial Edge NXT® Blog 01/05/2023 11:51am EST

Leave a Comment

6 Comments

We are definitely interested in being included as part of the first wave of journal entry enhancements. Thank you!

@Justin Ward We would love to be included in the first wave for journal entry changes. Thanks!

@Justin Ward We would really like to have some input on the enhancements to journal entries. My team finds the NXT view very cumbersome and time consuming so they reverted back to database view.

@Justin Ward We'd love to be included in the first wave of journal entry enhancements. Thank you!

@Justin Ward We'd like to be included in that first wave as well. Thanks!

@Justin Ward We'd love to be included in the first wave of journal entry enhancements.

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