Income and Expense Report for Transaction Codes
You can review a breakdown of transaction activity across accounts under Transaction Code, Income and expense report from Analysis, Dashboards.
Note: Keep in mind, you can configure up to five custom transaction codes. For example, you can create transaction codes for "Grant" and "Spendable", depending on your business needs. The name you enter appears as an available dashboard in the web view. To define transaction codes, you must access Transaction Codes in the Configuration module of Financial Edge 7.
Transactions
Transactions is pulled from the Transactions filter and displays the transaction activity associated with the transaction code. When including all transactions in your report, you can use this to quickly identify specific activity.
Starting balance
Starting balance displays the beginning balance based on the Post date filter.
Revenue
Revenue displays income activity — such as tickets sales or tuition.
Expenses
Expenses displays money used to pay for a service or product — such as office or administration supplies — associated with the transaction code.
Gifts
Gifts displays income — such as donations — associated with the transaction code.
Transfers
Transfers displays the amount of money moved between entities — such as funds — associated with the transaction code.
Net change
Net change displays the total amount of income vs. expenses and transfers associated with the transaction code.
Ending balance
Ending balance displays the ending balance — after activity such as revenue or expense has been calculated — based on the Post date filter.