Many organizations using Financial Edge NXT rely on Transaction Codes (Transaction Attributes) to classify financial activity beyond the standard chart of accounts. While these codes provide valuable reporting capabilities, they cannot currently be used as a budgeting dimension.

Enhancement Request

Allow budgets to be established, imported, maintained, and reported by Transaction Code in addition to the existing chart of accounts dimensions.

This enhancement should include:

• The ability to create budgets by Transaction Code or Transaction Attribute.

• Budget imports that include Transaction Code as a budget dimension.

• Budget-to-actual reporting filtered or grouped by Transaction Code.

• Budget inquiries and dashboards that display variances by Transaction Code.

• The ability to combine Transaction Code with existing dimensions such as Fund, Account, Department, Project, Program, or Grant.

Business Need

Many nonprofit organizations, healthcare foundations, colleges and universities, and governmental entities operate in a fund accounting environment where financial reporting requirements extend beyond the general ledger account structure.

Organizations frequently use Transaction Codes to identify categories such as:

• Events

• Campaigns

• Program activities

• Cost allocations

• Stewardship initiatives

• Internal reporting categories

• Special projects

These categories often have approved operating budgets, but because Financial Edge cannot budget by Transaction Code, organizations must maintain separate spreadsheets or external reporting tools to compare budgets against actual activity.

Benefits

Adding budgeting by Transaction Code would:

• Reduce reliance on offline Excel budget workbooks.

• Improve budget-to-actual reporting within Financial Edge.

• Strengthen financial controls by managing budgets at the same level of detail used for reporting.

• Better support nonprofit and governmental fund accounting requirements.

• Eliminate duplicate budget maintenance across multiple systems.

• Provide leadership with more meaningful operational reporting while preserving the existing chart of accounts.

Why This Matters

One of Financial Edge's greatest strengths is its support for fund accounting. Organizations often need to monitor financial performance across multiple dimensions—not only by fund and account, but also by the operational categories used to manage programs, grants, fundraising activities, and events.

Allowing Transaction Codes to function as a budgeting dimension would provide significantly greater flexibility without requiring organizations to redesign their chart of accounts or create unnecessary projects and departments solely for budgeting purposes. It would allow Financial Edge to better align budgeting with the way nonprofit and governmental organizations actually manage and report their financial activities.

If I could, I would click vote a million times to be able to enter budget by transactions codes.