You can set system-level defaults for financial classes, cost and rate matrices, and other financial settings. They help simplify the financial setup where most investments follow the same financial setup.
Set up the following financial information before setting system-level financial defaults:
Setting up system-level defaults is not required to process financial transactions.
You can override these defaults at the entity level or investment-level. Investment-level defaults take precedence over system or entity level defaults. If defaults are not set at any level, enter them if necessary when processing transactions or creating new investments.
Set system-level defaults for processing financial transactions or for financially enabling new investments.
Follow these steps:
The financial organizational structure appears.
The financial management defaults appear.
Defines a default entity to use for financial management.
Defines the default location to use for financial management.
Defines the default department to use for financial management.
Defines the default investment class to use for financial management.
Defines the default work-in-progress class to use for financial management.
Defines the default company class to use for financial management.
For each resource type, you can set up default rate and cost sources to use for transactions.
Important! Updating default transaction entry settings do not affect investments that are already financially enabled. These investments are processed based on settings defined when they were first financially enabled.
Follow these steps:
The transaction entry page appears.
Defines the rate source used to determine the rate to bill or charge for labor.
Defines the cost source used to determine the labor costs.
Indicates that the source for the rate and cost comes from the employee (that is, resource) or investment location. If the default source location is set at the entity level, the system uses the entity setting to determine the source location.
Defines the exchange rate type to use for processing transactions.
Values: Average, Fixed, or Spot
Defines the rate source used to determine the rate to bill or charge for material.
Indicates that the source for the rate comes from the investment location.
Defines the exchange rate type to use for processing transactions.
Values: Average, Fixed, or Spot
Defines the rate source used to determine the rate to bill or charge for equipment.
Indicates that the source for the rate comes from the investment location.
Defines the exchange rate type to use for processing transactions.
Values: Average, Fixed, or Spot
Defines the rate source used to determine the rate to bill or charge for expenses incurred.
Indicates that the source for the rate comes from the investment location.
Defines the exchange rate type for processing transactions.
Values: Average, Fixed, or Spot
If multicurrency is enabled, you can view the default system currency. Multicurrency is enabled when you install CA Clarity PPM. To view whether CA Clarity PPM is installed as a multicurrency system and the default system currency, review the Currency section in the financial management defaults.
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