How to Add a Funded Contract (VIC)

Overview

In this tutorial, we will guide you through the steps to add a funded training contract for Victoria (VIC) in the system. This process is essential for linking students to state-funded programs and ensuring accurate reporting and compliance with VIC funding requirements.

Step Tutorial

1. From the Dashboard, go to Finance, then got to Contracts, then Contracts.

2. Click on the New button.

3. A pop-up will appear. Add a value to the following fields:

1. Contract ID – Enter the contract id.
2. Name – Enter the contract name.
3. Description – Enter a brief description for your contract.
4. State – Select VIC from the dropdown.
5. Populate Contract ID to Purchasing Contract Identifier – Identify whether to populate contract id to purchasing contract identifier.
6. Commencement Date – Set a start date.
7. End Date – Set an end date.
8. Funding Cap Amount – Enter the funding cap amount.
9. Schedules – Select a schedule.
10. Funding Source – Select your funding source.
    
11. Loadings - Select the applicable loadings. You can choose one or more loadings that apply.

NOTE: Enable the Active toggle to make the funded contract available.

Once done, click on the Save button.

4. You will be notified of the successful creation of a funded contract. Click on the OK button to close.

5. You should see the recently added funded contract in the list.

And that is how you can add a funded contract (VIC).

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 the contact support via email.

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