How to Add a Funded Contract (QLD)

How to Add a Funded Contract (QLD)

Idea
Overview

In this tutorial, we will discuss how to add a funded contract for the state of Queensland (QLD) in the SMS (Student Management System). Funded contracts help verify and track student eligibility for state funding, ensuring that only qualified students receive subsidies. This also helps providers manage and verify the specific entitlements under different funding programs. Streamlining the process of applying government funding within the SMS saves time and reduces administrative overhead, allowing for faster, more accurate handling of subsidies.

Here’s a step-by-step guide on how to add this:

Notes
Steps Tutorial

1. From the Dashboard, go to Finance > Contracts > Contracts > then click New.


 

2. Fill in the following fields:

  1. Contract ID – Enter your contract ID.
  2. Active – Toggle to hide your contract template or keep it visible for use.
  3. Name – Enter a name for your Contract.
  4. Description – Enter a short description for your contract.
  5. State – Select the state. For this tutorial, we will select QLD.
  6. Populate Contract ID to Purchasing Contract Identifier – Select whether to Populate Contract ID to Purchasing Contract Identifier or not.
  7. Commencement Date – Set a commencement date.
  8. End Date – Set an end date for your contract.
  9. Funding Cap Amount - Enter a funding cap amount for your contract.
  10. Schedules – Select the applicable schedules for this contract from the dropdown menu. Schedules must be created prior to creating a contract.
  11. Funding Source – Select a Funding Source. You can also select multiple entries for this field.
  12. Loadings – Select the applicable loadings. You can select one or more applicable loadings.
Once done, click Save.


That's it! You have now added your funded contract.

Congratulations on completing this tutorial. We hope this has been helpful to you and your organisation. For any questions or concerns regarding this function, please reach out to us via email at support@eskilled.com.au.