Financial Management Default Options

Use the Financial Management Defaults page to set system level defaults for processing financial transactions. You can specific following system level defaults:

You can specify system-level defaults for financial setup, financial classes, cost and rate matrices, and other financial settings, which are helpful when processing financial transactions or creating new investments. For example, if you specify a remit to location default, all external billings generated in the system will use this address to remit invoices.

The set up the following financial information before setting system-level financial defaults:

Setting up system-level defaults is not required. You can also override system-level defaults at the entity-level or investment-level, where investment-level defaults take precedence over system or entity-level defaults. If defaults are not set at any level, they must be manually entered if required when processing transactions or creating new investments.

You must have the Administration - Application Setup access right and the Financial Maintenance - Financial Management access right to manage the finance administration settings.

Note: See the Project Management User Guide for more information.

Note: See the Portfolio Management User Guide for more information.

Note: See the IT Service Management User Guide for more information.

To access financial Management defaults

  1. Select Setup from the Finance menu.

    The Financial Organizational Structure page appears.

  2. From Organizational Structure section, click the Defaults link.

    The Financial Management Defaults page appears.

  3. You can do the following:

More information:

Maintain Financial Management Defaults

Manage Transaction Default Entries

Default Currency

Entities

Locations

Financial Classes

Batch Cycles

Financial Matrices

Currencies

Manage Transaction Default Entries

Default Currency