Welcome to The Financial Edge 7.80. Before you begin using the program, please take a moment to review the following notes, which highlight new features and enhancements. It is important to share this information with all Financial Edge users in your organization. A shortcut to the Release Notes for The Financial Edge has been added to your desktop, so you can access these notes at any time. General Ledger, Accounts Payable, Accounts Receivable, Cash Receipts, Fixed Assets, Student Billing, Payroll and all other programs and optional modules are available as part of The Financial Edge only if you have purchased each.

F9 for Financial Edge

  • F9 for Financial Edge is a powerful financial reporting and analysis tool that integrates Microsoft Excel with your General Ledger data. This product is compatible with The Financial Edge 7.78 or higher. If you are interested in purchasing F9 for Financial Edge, please contact your Blackbaud account representative.

WebPortal

  • The Financial Edge WebPortal is a suite of web products that integrate with The Financial Edge. WebPurchasing and WebInvoicing are components within The Financial Edge WebPortal. With the 7.80 release, we made it easier for WebPurchasing users to review the GL distribution information. You can now see this information directly on the Requisition page and no longer need to drill down to the Line Item page.

Void Payments Enhancements

  • Based on client feedback, we made several enhancements to the void payments process. We added a new Void Payments button on the toolbar of a payment record in Cash Receipts, Student Billing and Accounts Receivable. We also added the new Why can't I void this payment? link. When you click this link, a help file topic appears listing reasons why the payment cannot be voided. When you try to void a payment associated with a closed deposit, you are now prompted with a screen to change the associated deposit’s status to open. For more information, see the Records Guide for Cash Receipts, Records Guide for Student Billing and Records Guide for Accounts Receivable.

Student Billing Enhancements

  • In Configuration, General Business Rules, you can now select whether to use the overall balance or the balance as of the payment date for distribution of payments proportionally based on the balance. When you select this option, payments are distributed proportionally to the records a payer is responsible for and you choose whether to use the overall balance or balance as of the payment date to calculate the balance used to create the distribution of the payment. Based on the option you choose, the program determines the balance of each record when creating payee distributions on a payment. For more information, see the Configuration Guide for Student Billing.

  • To accommodate new federal reporting requirements, we enhanced the way you track demographic information. The new Is Latino/Hispanic? field has been added to the Demographic information screen for individual and student records. The Ethnicity field is now a multi-select field where you can choose multiple ethnicities for a person. We added an Ethnicity section to Export and the Ethnicity field has been updated in the record sections of record imports. For individuals and students, you can no longer globally change the Ethnicity field and the new Is Latino/Hispanic? field is not available for global change. For more information about these demographic changes, see the Records Guide for Student Billing.

  • Based on client feedback, we made several enhancements to the void payments process. We added a new Void Payments button on the toolbar of a payment record. We also added the new Why can't I void this payment? link. When you click this link, a help file topic appears listing reasons why the payment cannot be voided. When you try to void a payment associated with a closed deposit, you are now prompted with a screen to change the associated deposit’s status to open. For more information, see the Records Guide for Student Billing.