Copying project funding sources

A project funding source can be copied to another contract or copied for a new funding source in the same contract.

To copy the funding source to another contract, the contracts must have the same Revenue Recognition, Billing Method, and Revenue Method.
To copy the funding source to the same contract, the contracts must have the same funding type.
When copying the funding source to another contract, all fields are copied. The fields in the new contract can be changed.
When copying the funding source to a new funding source in the same contract, a new funding source is specified.
The customer or sponsor information is from the funding source setup.
The default projects and finance structures are copied from the project funding source.
You can add a new contract and a new funding source from the copy function, but the new funding source is based on the funding source that you are copying.

Select Financials > Project Ledger > Setup > Project Setup.
On the Structure tab, open a project structure.
On the Hierarchy tab, select a contract summary project and select Actions > Update
Click Contract Information.
On the Project Funding tab, select a funding source.
Select Actions > Copy Project Funding Source.
Specify this information in the Copy To section:

Project Contract

Select the Project contract to which to copy the funding source. The value is the default for the current project contract.

Project Funding

Select the funding source to add to the current contract or to a new contract. The value is the default for the current funding source.

Priority

Specify the funding priority order. Funding is processed in priority order. Funding sources can be added at any point in the contract. Priority order can change at any point in the contract and become the new priority when changed. Duplicate priority numbers are not allowed.

Percent

Specify the percent that is covered by this funding source. If a project is only funded by a single funding source, then specify 100.

Funded Amount

Specify the funded amount for the project funding source.

Funding Group

Specify a group number. The federal grant and its associated match funding sources have the same funding group. When the Generate Invoices action is run, the first set of funding sources with the same funding group are processed, then the next funding group. Processing is based on priority order, percentage, funded amount, and funding group. The match funds must be next in priority to be processed and calculated correctly.

Billing Group

Select a billing group. You can assign identical values to the funding sources that are billed together. When invoices generated or revenue is recognized, if you specified a billing group, then only the funding sources with that billing group are included.
Click Submit.