You are here: Settings > Finance

Finance

Settings > Finance

The Finance sub menu allows the set up and maintenance of the following features in Concept Evolution.

Icon	Feature	General Overview
	Cost Centres	Cost Centres are used to represent financial allocations and spend within an organisation.
	Cost Codes	A Cost Code is an element of cost within a Cost Centre that budgets can be tied to.
	Suppliers	Suppliers are used to supply Contract Divisions, supply Resources, and /or supply services and goods.
	Supplier Categories	Suppliers can be grouped using customised Categories. These can be used to identify appropriate Suppliers for specific works.
	Tax Codes	Many of the finance related features of Concept Evolution can take into account Tax or VAT codes.
	Finance Codes	Finance Codes are used to set up a list of valid financial codes for use within the Purchase Order Module.
	Reference Codes	Reference Codes allow an organisation an additional level of filtering by applying an organisation specific reference to a Purchase Order
	Payment Codes	Payment Codes provide a list of possible payment methods that can be applied when Payments are recorded against a Purchase Order.
	Accounting Periods	The Accounting Preferences will automatically set up Accounting Periods for Cost Centres. The names and dates of the Accounting Periods can be edited and changed from this grid.
	Posting References	Posting References are used to tie financial fields back to Tasks, Purchase Orders and Stock.
	Reference Groups	Reference Groups are used to group together financial information for cost summary details within Cost Centres.
	Rebuild Costs	Rebuild Costs allows budgets to be recalculated for Cost Centres. This is only required to be done when mass data updates have been done in the database.
	Accounting Preferences	Accounting Preferences set up future Accounting Periods on mass to allow budgets to be set for Cost Centres.