But what happens if your tracking and reporting needs have changed a bit since that time?
What if you've started new projects or are involved in events that weren't accounted for originally?
That’s where User-Defined Fields come into play.
What is a User-Defined Field?
A Perfect Fit for Special Events or Projects
Keeps Your Chart of Accounts Clean
Using “disposable” user-defined fields keeps your chart of accounts from growing unnecessarily large, complex, and messy. Plus, the data you enter in your user-defined fields can be set up to carry through to reports. In the example above, user-defined field functionality would enable the community relief organization to track the “number of clients served” and even create a Performance Budget around service goals!
You can specify the transaction type, field name and description (the label that appears on your data entry screens), and a variety of other characteristics that will help you control the data that’s required in these newly-created custom fields.
Contact an Abila MIP Fund Accounting Partner if you'd like to learn all about working with user-defined fields or if you'd like help putting them to work for your next special event or project.
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