Managing Projects › How to Work with Project Properties › Financial Processing (Investments) › Financially Enable Projects

Financially Enable Projects

To use detailed financial planning and process financial transactions, financially enable your project.

See the Financial Management User Guide for more information.

Follow these steps:

1. Open the project.

   The properties page appears.

2. Open the Properties menu, and from Properties, click Financial.
3. Complete the following fields:

   Department

   Defines the financial department associated with the investment.

   Required: No

   See the Financial Management User Guide for more information.

   Location

   Defines the financial location associated with the investment. The location requires belonging to the same entity as the department.

   Financial Status

   Specifies the status that determines how financial transactions entered against the project are handled.

   Values:

   • Open. All transactions entered against the project can be fully processed. Use the financial status to open it for financial processing, or to enable the project financially.
   • Hold. New transactions cannot accumulate on the project.
   • Closed. New transactions cannot accumulate. When you mark the project financial status as "Closed", it is no longer open for financial processing.

   Default: Hold

   Required: Yes

   Select the "Open" status.

4. Save the changes.