Budgeting and Transactions Features and Functions

• Summary and detailed budget capabilities


• Flexible transaction controls for expenditures and resources


• Unlimited definition of cost items allocated to the organization tree


• Definition of allocation rules


• Cost distribution of allocations


• Budgetary controls that verify available program funds


• Tracking and management of program expenses and analysis of budget data


• Tracking of expenses on programs and cross-programs using customizable categories and estimated versus actual costs


• Analysis of budget to actual on a monthly, quarterly and annual basis


• Association of project budgets to multiple clients or departments


• Integration with chart of accounts data


• Compliance with all applicable funding source requirements for financial reporting


• Checklists for financial closure


• Definable cost codes


• Estimation of project costs, or fixed costs, or both


• Chargeback allocations


• Multiple types of expenditure adjustments


• On-line processing and review of adjustments


• Audit trail for expenditure adjustments


• Views full course information prior to approval