July 16, 2018
Information on how to tune (configure) your Finances.
This tutorial contains information on how to tune the financials so they are relevant to your organisation. They cover how to:
- Configure your financial lines
- Add your chart of accounts information
- Add funding categories.
Navigate to configuration view
Access to Business Configuration is via the top level navigation bar.
Configure your financial lines
This involves selecting what financial lines to display on financial views in i-lign. See Navigation: Delivery - Finance tab to see how financial information is displayed.
Once you have navigated to the Business Configuration view above, select Financial lines configuration.
Add your chart of accounts information
This adds the accounts you want to see in your initiative finances eg travel, furniture, power etc. These will most likely match the relevant accounts from your organisation’s financial management system (FMIS). If you are intending to import financial information from your FMIS, the relevant accounts in i-lign will need to match FMIS accounts.
Generally speaking resource costs are not added via chart of accounts. Instead resource costs are calculated automatically in i-lign from hourly rates, planned time added to tasks or initiatives and approved time from timesheets.
Once you have navigated to the Business Configuration view above, select Chart of accounts.
Add funding categories
The funding feature manages the allocation of funds which have been earmarked for a particular purpose. If you want to use this feature, you need to configure the funding categories.
To add your funding categories, go to the Business Configuration view and select Funding category.
See the table below for an example of how you might set up your funding categories:
|Operational resource||Operational resource costs|
|Capital resource||Capital resource costs|
See Navigation: Delivery - Finance tab to see how financial information is displayed in Delivery.