Description

Add a standard report in Blackbaud Financial Edge NXT that produces a Net Asset Rollforward by project, including:

• Beginning balance

• Additions (contributions, investment activity, etc.)

• Releases / expenses

• Ending balance

The report should tie directly to the general ledger and allow filtering by fiscal year, project, and net asset classification (with and without donor restrictions).

Business Need

A Net Asset Rollforward is a required audit schedule under GAAP (ASC 958) and is consistently requested by auditors.

Auditors rely on this report to:

• Reconcile beginning and ending net asset balances

• Validate activity throughout the year

• Confirm proper classification between restricted and unrestricted funds

• Review balances at the project/grant level to ensure compliance with donor intent

Current Limitation

Financial Edge NXT does not provide this report natively. As a result, organizations must manually compile data from multiple reports (general ledger, project reports, and queries) to recreate a rollforward.

This results in:

• Increased risk of error

• Lack of a clear audit trail

• Significant manual effort

• Delays during the audit process

Value to Users

• Provides an audit-ready report directly from the system

• Reduces manual reconciliation and audit preparation time

• Improves accuracy and transparency

• Aligns reporting with standard nonprofit audit requirements

Priority Justification

This is a core reporting requirement for nonprofit organizations and a common need during every audit. Providing a standard Net Asset Rollforward by project would significantly improve audit readiness and eliminate a widespread manual workaround.