10 Financial Management |
The Financial Management module is a powerful tool that allows you to achieve the following:
▪ Build Budgets for high-level study cost tracking or negotiation
▪ Track receivable and payable items using Milestones (also known as “financial achievement triggers”)
▪ Generate invoices
▪ Track sent and received payments
▪ Reconcile payments against milestones or invoices
Within Financial Management, there are three core components that work together to manage a study’s financial tasks:
▪ Budgets
▪ Milestones (financial achievement triggers)
▪ Invoicing, Payments, and Reconciliation
The following graphic illustrates the relationship between budgets, milestones (financial achievement triggers), invoicing, payments, and reconciliation.
This section will cover the Financial Management recommended process, and detail how permissioned users can create and modify a budget or budget template, configure and manage milestones, prepare invoices, enter payments, and reconcile those payments against invoices and milestones.
For more information about:
|
|