How To Checkmate Your Journal Entry Process

Explore Blackbaud Financial Edge NXT®’s most up-to-date journal entry tools in Blackbaud University's new 90-minute course, Journal Entry.A game of chess can have thousands of possible moves, but the only move that matters is the next one. A chess player cannot undo a move once it has been done, so the most important choice in the game is whichever one is next. The same can be said for recording transactions. Whether you are playing chess or making accounting transactions, forethought wins.



Most transactions are posted automatically through your subledgers. Hidden behind the software, these transactions are posted via journal entries that are generated by Blackbaud Financial Edge NXT®. Depending on the setup of your system, you may need to create journal entries for any transaction that is not automatically created in a subledger.



Financial Edge NXT contains many features to ease your journal entry process. You can customize your security and business rules to ensure that your journal entries balance. You can create, validate, approve, and post batches conveniently from one place. You can copy batches and create default journal entry settings to save time. And because sometimes we all make moves in haste, you can also create reversing entries to correct a transaction.



Like chess, what makes journal entries tricky is the strategic planning required. But Blackbaud University can help you with that. Explore Financial Edge NXT’s most up-to-date journal entry tools with our newest 90-minute course, Journal Entry.



This new course takes you through the journal entry process from start to finish. Practice creating, editing, and posting journal entries. Discuss key policies and procedures when using journal entries. Learn about the latest journal entry functionality in Financial Edge NXT. Leave class with the confidence to use Financial Edge NXT to expedite your journal entry process. Our newest Journal Entry course is available on this Learning Path.



This course is included with your Learn More training subscription. Not a subscriber? Chat with us now to find out how you can become one!