Getting Started

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This article gives the information about Financial Management in TeamConnect.

TeamConnect Financial Management provides spend management features that allow you to track spending for matters, vendors, and internal costs. Adding budgets to matters allows your organization to post invoices and internal expenses against the corresponding accounts to gain better insight and control over costs. You can also establish cost centers to further track matter expenditures.

When you post the following record types, the transactions are automatically recorded in the corresponding accounts and are reflected in the Budget section of the matter:

Expenses—The cost of purchases or services for internal use. Expense records with the Matter Cost : Internal Expenses category are posted to the Internal Expenses account of the corresponding matter.
Tasks—Task records with the Matter Cost : Internal Tasks category are posted to the Internal Time account record of the corresponding matter.
Invoices—Transactions based on itemized bills received from vendors and posted to one of the following accounts of the corresponding matter.

TeamConnect Financial Management supports multi-matter invoicing, which is reflected in the functionality of the Budgets and Cost Centers pages. See Adding Invoice Line Items in the TeamConnect Enterprise User Help for more information.

Using Module Setup Tool

Module Setup Tool is used to install the Cost Centers and Budgets tab and screens on an Object View.

Module Setup Tool is only available to TeamConnect users that are members of a group with the appropriate Tool Rights. This group will likely be reserved for TeamConnect administrators.

To install Cost Centers on an object

Open the Module Setup Tool.
- Click the All tab.
  In the Tools section, click Module Setup Tool.
  The Module Setup Tool opens.
In the Cost Centers Installer section, select the desired object from the Select Object drop- down list.
Click Install.
Select the desired object view(s) from the Select Object Views multi-select list.
Click Ok.

To install Budget Screens on an object

Open the Module Setup Tool.
- Click the All tab.
  In the Tools section, click Module Setup Tool.
  The Module Setup Tool opens.
In the Budget Screens Installer section, select the desired object from the Select Object drop-down list.
Click Install.
Select the desired object view(s) from the Select Object Views multi-select list.
Click Ok.