How to Create Funding Sources for Contracts in the SMS (TAS)

Overview

To create contracts in the SMS, you must first set up funding sources.

In the VET (Vocational Education and Training) sector, funding source codes are used to identify the source of funding for specific training programs or qualifications.

In this tutorial, we’ll be creating funding sources in the SMS for TAS.

IMPORTANT: Funding sources can change over time and may vary depending on the specific training or qualification. Always verify with the relevant State Training Authority to confirm the funding sources for a particular contract.

Step Tutorial

Before creating contracts in the SMS, you'll need to set up funding sources. Funding source codes are used to identify the source of funding for a particular training program or qualification.

1. From the Dashboard, go to Finance, then Contracts, then Funding Sources. Click on the "New" button.

2. Enter the following information:

1. Code – Enter the Funding Source Code.
2. Active – Toggle this option on to make the funding source available.
3. Name – Enter the Funding Source Name.
4. Funding Source State – Select TAS from the dropdown.
5. Funding Source National – Select the applicable Funding Source National from the dropdown. IMPORTANT: Confirm with your State Training Authority to ensure the correct mapping of state funding codes to national funding codes.
6. Description – Provide a description for the Funding Source.
   

Once done, Click the “Save” button.

3. A prompt confirming the successful creation of the funding source will appear. Click "OK" to close it.

That's it! You've successfully created funding sources in the SMS for your contracts. Continue adding more funding sources as needed.

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.

• Related Articles

• Creating a Schedule for Contracts in the SMS (TAS)

  Overview To create Contracts for Funded programs in the Student Management System, a Schedule needs to be set up first. The schedule is used to define which Unit of Competencies outcomes codes are provided funding by the state as well as payment ...

• How to Add an Outcome Payment Rule Template (TAS)

  Overview To create your contract in the SMS, you need to create an Outcome Payment Rule template. The Outcome Payment Rule template defines the payments made to training providers based on the achievement of specified outcomes by students. Refer to ...

• How to Create a Payment Schedule Rule Template (TAS)

  Overview To create a funded contract in the Student Management System, a Payment Schedule Rule template must be created. This template will define the rules for when your RTO will receive payment, based on student commencement or completion of the ...

• How to Create Contracts in the SMS (TAS)

  Overview In this tutorial, we'll guide you through the steps to create contracts for your funded programs in the SMS. Step Tutorial 1. From the Dashboard, go to Finance, then Contracts, then another Contracts. Click on the "New" button. 2. Add the ...

• How to Create Concession for Contracts (TAS)

  Overview In the VET (Vocational Education and Training) sector, concessions refer to special discounts or arrangements available to certain groups of students to help them access vocational education and training programs. These concessions may ...