Defining Groups and Subgroups and Ledgers

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