Financial Edge NXT is the first-of-its-kind cloud accounting solution that’s intuitive, reliable, and built exclusively for non-profits. It is advanced technology with powerful reporting tools to help your accounting team drive efficiency, transparency, and financial stewardship while enabling you to seamlessly manage transactions, eliminate manual processes, and securely share information in an instant. Combined with the world’s leading nonprofit CRM, Raiser’s Edge NXT, no other nonprofit cloud solution can match the performance, accessibility, and user experience the NXT solution line delivers.
Backed by ideas and best practices generated from more than 30 years of research and development in nonprofit technology, Financial Edge NXT gives your organization access to true fund accounting in a responsive, beautiful interface – all delivered securely in your internet browser and all designed with the comprehensive fund-accounting capabilities that thousands of nonprofits have trusted for years from Financial Edge.
The system is easy to use, even for people who have little accounting or computer experience. A wide range ready-to-go reports meet the special needs of nonprofit organizations and comply with FASB 116 & 117, while Financial Edge NXT’s user-friendly design makes finding information easier than ever, saving your organization from time-consuming searches and investigation.
Financial Edge NXT offers multiple subscription-based packages to meet the needs of various types organizations, large or small, moderate needs or sophisticated, and across multiple industry verticals including human services, healthcare, private schools, higher education, arts & culture, and more.
Best-in-class chat support is standard with Financial Edge NXT, providing unlimited access to support resources directly in the product. In addition, all upgrades and enhancements to the software are provided to users regularly as part of their subscription. Best practice online educational videos are included in the subscription price from Blackbaud University, while an extensive training curriculum is available through Blackbaud Learn with local, regional and online courses. With new classes every month, CPE credit-earning content, and exclusive sessions on strategy and best practices, Blackbaud has the premiere training offer for nonprofit accounting software.
Blackbaud also offers software for fundraising, school administration, foundation management, outcomes measurement, corporate social responsibility, and more. More than 30,000 nonprofit organizations have already benefited from the superior software and support that Blackbaud offers.
Popular Functionality Modules
Accounts Payable With Blackbaud’s Accounts Payable, paying bills is now easier and more efficient. Make payments any way you want by system-generated or hand-written check or via…
Projects, Grants, and Endowments Management Get an extra level of tracking, making it easy to separate and report on activity for various projects, special events, endowments, exhibitions, scholarships, investments and…
Accounts Receivable Separately track individual clients, organizations and funding sources. Accounts Receivable provides the ability to establish default payment responsibility for each client…
Student Billing Since its introduction Student Billing has been implemented by well over 1,000 independent schools. We have learned from the experience and suggestions of those schools to…
Cash Management Blackbaud’s Bank Account Reconciliation is a powerful software system for managing multiple bank and cash accounts. For each account, you can view an online register…
Complete Functionality Module List
- Accounting Forms Module
- Accounting Queue
- Accounts Payable
- Accounts Receivable
- Advanced Budget Management
- Advanced Security
- Allocation Management
- Budget Management
- Cash Management
- Consolidation Management
- EFT TM
- Fixed Assets
- Miscellaneous Cash Receipts
- Point of Sale
- Projects, Grants, and Endowments Management
- Purchase Orders
- School Store Manager
- Student Billing
Reviews of Financial Edge NXT Write a Review
Julia from The Gathering Place says…
Financial Edge is a robust accounting software. We use the general ledger, accounts payable, and treasury features. The NXT interface is very easy to navigate, allows for rich report creation and customization in a pretty easy-to-use format, and is adding other efficiency-enhancing features like connecting a bank feed for ease of transaction matching and reconciliation.
The good: I use the reporting features of Financial Edge NXT, and have been very pleased with the improvements NXT offers over Financial Edge 7 in this arena. I also love how quick and easy it is to retrieve information about accounts and drill down to specific journal entries when needed.
The bad: We’ve been using NXT for a little over a year. Originally there were not many features in NXT and it didn’t feel like great value at the time, but now it’s finally starting to feel worth the added cost for the upgrade.
Financial Edge handles our accounts payable/receivable and billing for our organization. It’s database integrates with a product called Raider’s Edge which handles income through direct donation and sustained giving. FENXT lives in a hosted environment and is displayed using a cleanly built web platform-making it accessible from anywhere there is an internet connection.
The good: The ease in access from any device and the crystal clear way the information is displayed and accessible. The system is constantly being updated and improved without the user needing to run or backup databases.
The bad: I would like to see improvements in reporting and the ability to create unique reports within NXT itself.
Heidi from GPS Education Partners, Inc. says…
Financial Edge NXT has some great functionality that streamlines the usage of the system which is great. I am looking forward to the continued roll out of improvements that are coming, especially credit card reconciliation help!
The good: It is much easier to navigate than the traditional database.
The bad: Much of the functionality that we need is not available yet but with time, it should grow into a phenomenal system for us.
Mary from Illinois College of Optometry says…
One of the best financial systems I have used in the Non-Profit world. It is straightforward and really meets our needs.
The good: The flexibility in financial reporting.
Gregg from Port Authority of Kansas City, MO says…
Blackbaud’s Financial Edge (FE) is a robust example of accounting software. It will do most of what more expensive products will do. Where it could use more development is in the two areas of drill-down capabilities within canned reports, and a more user friendly report writer than Crystal Reports.
The good: The best feature of FE is it’s ability to be viewed by an unlimited number of readers. For a public agency this is key to transparency.
The bad: As mentioned above, the inability to drill-down on report line items is a disappointment.
Dan from Council on Rural Services says…
We purchase Financial Edge which is a grant based accounting system. Our purchase included General Ledger, A/P, A/R, Web Purchasing, Purchase Orders, Budget Management and Cash Management modules.
The good: The software is easy to configure and does a great job in charging transactions to multiple grant funding sources. Standard grant allocations can be configured to automate data entry. Web based requisitions are reviewed and approved on line then quickly converted to purchase orders. Lengthy journal entry or A/P distributions calculated in Excel can be easily uploaded to eliminate data entry. Our staff found it very easy to use in most areas.
The bad: The standard reports are not that great. Custom reports can be written from within the software that are linked to data exported from the databases. The process in too time consuming. You have to re-export every time there is any change to the data. We wrote our key reports with Crystal Reports and directly accessed the database instead. The SQL databases are a bit difficult to figure out for non I.T. people but once you have everything linked the reports run quickly.
The Financial Edge software works well for governmental accounting. It has fund accounting options as well as grant tracking abilities. The number of reports available is endless.
The good: The fund accounting and grant management systems work well for us. Also, the budgeting tools are flexible and can be managed at various levels.
The bad: We have had problems implementing the payroll system. The allocation of accrued paid time off by grant and by project has been difficult.