How to Create Resources and Roles › Resource Management: Prerequisites › Financially Enable a Resource or Role

Financially Enable a Resource or Role

You can financially enable any resource or role that is involved with financial transactions. Enabling the resource or role includes associated financial data in features such as financial planning and forecasting.

Follow these steps:

1. Open Home, and from Resource Management, click Resources.
2. Open the resource or role.
3. Click the Properties tab and select Financial under Main.
4. Complete the Supplemental section including the following fields:

   Financially Active

   Indicates whether the financial attributes for a resource or role are enabled to record financial management activities against an investment.

   Transaction Class

   Specifies a user-defined value that groups transaction types for financial processing of the resource or role.

   Resource Class

   Categorizes financially enabled resources and roles for financial processing.

   If the resource or role type is labor, complete the Financial Department and Financial Location fields to be able to mark the resource as financially active.

5. For resources only:
   1. Complete the Rates and Costs section including the following fields:

      Target % Billable

      Refers to the percentage of the targeted billing rate that is billable. Enter the target percentage billable for this resource, if applicable.

   2. Complete the fields in the Expenses section.
6. Save your changes.