Finance 3: Funding Types
On Blossom, children's regular funding can be set up in two ways:
Deduct session hourly rate
Deduct funding local authority hourly rate
Your funding setup will depend 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
Show funding value
Hide funded value
Hide entire line item