The Financial Edge 7.75 - Budget Across Fiscal Years
The Financial Edge 7.75.259.0000 is available for download from our website. With this new release we have the addition of some great new features in the product, and today specifically I would like to discuss what is new with budgets. We now have the capability to budget by Grant! Now while this alone is nice, what we really want to write home about is the ability to budget across fiscal years. Now combining these new pieces of functionality will allow us to budget over the life of a grant, and distribute this budget out to several projects that may be funded by said grant, all the way down to the account level.
Has anyone already started working with period range budgets (the new term for a budget that spans multiple fiscal years)? I am very excited about the addition of this functionality, as several organizations I have worked with in the past already budget for multiple fiscal years on paper and the ability to track this type of information in the software is just another way that The Financial Edge can continue to help an organization's business office to further achieve their goals.
If you have not yet had the opportunity to read about the other new features of the 7.75 release, stay tuned as I intend to at least give each new piece of major functionality a "shout-out"
here on the ledger.