Defining Groups and Subgroups and Ledgers

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Defining Groups, Subgroups and Ledgers

  • Able to create groups, subgroups and ledgers
  • Able to associate departments and cost centers to created groups.
  • Groups can be made finance policy wise or individual department wise, as per the requirement.
  • If attach employee salary is CHECKED, the salary budget amount is calculated on the basis of the current salary books and appears in the budget.
  • Any cost center which is not a separate department like “MDP” etc. can be declared as a cost center.
  • Research projects can also be added as cost center.
  • Any income received in the form of funding to research project will also be associated.

Prerequisite

  • Institute finance policy should be created.
  • Financial year should be created.

Role

Finance Admin

Path

Budget » Budget

Functionality

  • Adding groups and subgroups
  • Groups and subgroups can be associate with the departments
  • Ledgers can be associated with the groups and subgroups
  • Once department associated with the group, it is highlighted with Red Color remove button

Step by Step

Add new group details

Group Association.png
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