The first step to setting up funding is to create and set up a company funding sheet, where individual funding sources are set up.
For example, a corporation's funding sources may include different types of corporate accounts. For municipal or educational facilities, funds may come from bond measures, grants, donations or other sources. All of these funding sources will be listed and tracked on the company funding sheet. As funds are consumed via business processes or manually in individual project or shells, this data is rolled up to the company funding sheet.
Project or shell funding sheets track how your company’s funding is being spent on each project or shell. It tracks individual transactions, which are rolled up to the company funding sheet. All project or shell funding sheets must be created based on a funding template.
If you are using commitment funding, you will create a commitment funding template, which is used to create the commitment funding structure within a project or shell. As base commits (that are designed for commitment funding in uDesigner) are routed and approved, a commitment funding sheet is created, based on this structure, for each base commit record.