Note: Support for Accounting for Nonprofits 6 ended December 31, 2007. Support for Student Billing 6 and Payroll 6 with The Financial Edge ended September 30, 2008. The Financial Edge, version 7 of our accounting software, is a benefit of your Blackbaud maintenance plan. We offer several customizable options to help you convert to The Financial Edge. Please contact your account manager.

TransactionDebitCredit
ChargeAccounts ReceivableRevenue
CreditRevenueAccounts Receivable
PaymentCashAccounts Receivable
Advance Deposit ReceivedCashLiability
Advance Deposit GeneratedLiabilityAccounts Receivable
Financial Aid GeneratedExpense/LiabilityAccounts Receivable
Fee Schedules GeneratedAccounts ReceivableRevenue
RefundAccounts ReceivableCash
Finance ChargeAccounts ReceivableRevenue
*Void PaymentAccounts ReceivableCash
*Delete ChargeRevenueAccounts Receivable
*Delete CreditAccounts ReceivableRevenue
*Changes to Financial Aid Schedule:
Original Amount in PeriodAccounts ReceivableExpense/Liability
New Amount in PeriodExpense/LiabilityAccounts Receivable

*Only periods that have already been posted will reverse.



 

Notes


    • The cash and accounts receivable accounts are defined on the bank
      account record.
       
    • Revenue, expense and liability accounts are defined on the individual fees.
       
    • Financial Aid Fee Schedules are not posted to the General Ledger until they are generated.