Previous Topic: Financially Enable InvestmentsNext Topic: How to Enable Cost Plus Codes

How to Set Up Financial Management › How to Create Supplemental Financial Data › Financially Enable Resources and Roles

Financially Enable Resources and Roles

To use the financial management system and configurations that you have set up, define the financial properties for resources and roles that are assigned to investments. You can then process financial transactions against resources and roles and determine how these costs impact investments. The actual costs from posted transactions show up on cost plans, reports, and portfolios. Financially enabling resources and roles also provide access to application pages that provide you visibility to resource transaction entries.

Follow these steps:

  1. Open Home, and from Resource Management, click Resources.
  2. Open the resource or role.
  3. Open the Properties menu, and click Financial from Properties.
  4. Complete the fields in the Supplemental section. The following fields require explanation:
    Financially Active

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

    Target % Billable

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

    Financial Department

    Defines the financial department that is associated with an entity in the financial organization structure. The financial department represents the cost center of the resource or role.

    Financial Location

    Defines the financial location that is associated with an entity in the financial organization structure. The financial location represents the location of the resource or role.

    Transaction Class

    Defines the user-defined values that group transaction types for the resource or role and is used in financial transaction processing.

    Resource Class

    Defines the category for the financially enabled resource or role and is used with financial transaction processing. If the resource is a labor type, complete the department and location fields to be able to mark the resource as financially active.

    Target % Billing

    Refers to the percentage of the targeted billing rate that is billable for the resource or role.

  5. Save your changes.