Finance 3: Funding Types
On Blossom, you are able to set up the children's regular funding in two different ways.
Allocate funded hours to sessions and deduct the session hourly price from invoices
Allocate funded hours to days and deduct the local authority funding value from invoices
The way in which you set up depends on how you deduct the funding from the children's invoice.
For example, do you deduct the funding in hours or do you deduct the local authority monetary value?
Setting up your funding type
More > Settings > Finance > Funding > Create.
Next, input the funding type name, select the funding type 'regular funding', select the funding allocation type, input the hours per week & input the local authority hourly rate.
Redistribution for funded hours on untypical weeks
When selecting the redistribution rules you have three options.
Apply funding.
Do not apply funding.
Redistribute funding to other days.
Invoice display options
You will need to select your invoice display options.
Funding deduction on invoices.
Funding deducted from the invoice total.
Funding deducted from session line items.
Funding line item on invoices
Show funded hours
Hide funded hours
Hide entire line item
Show funding value* This is for subtract funding only.