Utilizing budget scenarios

Stacy Robinson
Stacy Robinson
Fifth Anniversary Name Dropper Facilitator 1 Boomerang (2021)
in Blackbaud Financial Edge NXT® General Discussions

Hi There,

Our team is in the process of migrating from FE7 to FENXT. We set up our budget by project rather than account. It looks like importing a budget requires an account number, which is a bummer because it's not useful for us. I'm wondering if others set up their budgets by project rather than account. I've also noticed that if you copy your budget into the Excel add-in it won't fill in the descriptions due to copy/pasting. Wondering if there is a work around for that. Any other tips/tricks on budgets would be appreciated. Thanks

Comments

  • Sannyasin Siddhanathaswami
    Sannyasin Siddhanathaswami
    Ninth Anniversary Kudos 2 Name Dropper Participant

    @Stacy Robinson
    We do budget by projects and accounts. We only have 2 projects with budgets, within those projects certain accounts have projects. We import via FE7, even though we use NXT most of the time. From what you say, you don't track income and expense budgets within a project by account? I didn't even know that was an option, unless I'm misunderstanding what you are doing.

  • Stacy Robinson
    Stacy Robinson
    Fifth Anniversary Name Dropper Facilitator 1 Boomerang (2021)

    @Sannyasin Siddhanathaswami - correct, we have set up projects with a project type of “Budget”. Each project represents a different area of our team's budget. For example, we have a Communications Budget Project. We keep track of all of the expenses within this project, but we don't assign budgets to each account with the project. We just have one budget amount connected to each project. I don't do the budget imports, but I don't believe we use FE7 at all for importing budgets.

  • Kevin Brazell
    Kevin Brazell Blackbaud Employee
    Tenth Anniversary Kudos 5 First Reply Name Dropper

    @Stacy Robinson It sounds like you're using Total Project Budgets, and adding the budget from the budget tab on the Project. But importing in DB view or Webview, does require a project / account together. Also I'm not seeing a way to add a budget to a project in webview yet using total project budget, but while the DB view is still here, it's still allows me to do it manually on the project per this KB :


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