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Alma Acquisitions

Alma Acquisitions training guide.

Funds Structure

Types of Funds

There are three types of fund records:

Ledger(s): top-level record; you can have a single ledger for the entire campus, or separate out ledgers for schools or departments to mirror your actual financial structure

Summary funds: used to group funds together for reporting purposes; if you are using a very simple fund structure, you do not need to have summary funds

Allocated funds: these records have money associated with them, and are the funds used for placing orders and paying invoices

 

Choosing a Fund Records Structure

Each campus can set up a financial structure that mirrors their local budget structure. The fund hierarchy should be as simple as possible to streamline ordering; additional information can be included in POLs using the order reporting codes.

Example 1: Budget is separated by schools or departments, then subject areas

Fund structure based on schools/departments/subjects

 

Example 2: Fund structure is based on funding sources

Funds structure based on funding sources

 

Roles for Viewing and Working with Funds

To manage any fund record, you must have the following role:

  • Fund Manager
  • Fund-Ledger Viewer (view only)

To manage ledgers, you must have the following role:

  • Ledger Manager
  • Fund-Ledger Viewer (view only)

Your role's scope may limit you to funds or ledgers available only to particular libraries. This is a configurable option.

Viewing Funds Records

To find fund records:

  • Go to Acquisitions >> Acquisitions Infrastructure >> Funds and Ledgers
  • Choose the search type Funds and leave the search box empty to see a list of all funds
  • Choose the search type Funds and a criteria to find a specific fund
    • If you're using a fund code, you can use the asterisk wildcard at the beginning, end, or beginning and end of the search term

 

What's in a fund/ledger record?

  • Summary (at the top): this is a summary of information about this fund and contains the details, reports, and rules for the fund. (this is different than a Summary Fund record type)
  • Funds tab (Ledger or Summary fund): view the Summary and Allocated funds associated with a ledger or summary fund
  • Transactions tab (Allocated fund): view the transactions applied to an Allocated fund
  • Notes tab: lists any internal notes on the use or restrictions for that fund
  • Attachments tab: contains any attached files related to that fund

 

 

Follow the Financial Path

With just a few clicks you can see a large number of related records within the Acquisitions infrastructure.

  1. Start with a Ledger and review the basic information about it
  2. Click on the Funds tab
  3. Click on a Summary fund from the list and review that information
  4. Click on the Funds tab
  5. Click on an Allocated fund from the list and review that information
  6. Click on the Transactions tab
  7. Click on a PO Line # or an Invoice Line # from the list and review that information
    1. If you're viewing an Order, you can get to any related invoices on the Invoices tab
    2. If you're viewing an Invoice, you can get to the related order(s) on the Invoice Lines tab, by clicking on the number in the PO Line # column

You can also do this sequence in reverse, starting with an invoice and following the funds path back up to the ledger. It's a convenient way to see the impact of any single purchase on a budget.

Managing Funds

Creating Funds and Ledgers

After the initial set-up or migration, adding additional ledgers and funds is straightforward. Make sure you have all the information you'll need to enter available to you before you begin.

 

Adding Ledgers

  1. Go to Acquisitions >> Acquisitions Infrastructure >> Funds and Ledgers
  2. Click + Add Ledger
  3. Summary tab: Fill out the form, choosing from drop-downs or adding information as needed
    1. General section: Basic information about the ledger
    2. Reports section: Controls which reports you see when you view the ledger record
    3. Rules section: Set rules on encumbrances, expenditures, transfers, and grace periods for this fund
    4. For details on the options in these sections, view the reference tables at https://knowledge.exlibrisgroup.com/Alma/Product_Documentation/010Alma_Online_Help_(English)/020Acquisitions/090Acquisitions_Infrastructure/020Managing_Funds_and_Ledgers#Adding_a_Ledger
  4. Click Save
  5. You’ll return to the Funds and Ledgers screen. If you need to add funds, continue with the next step.

 

 

Adding Allocated or Summary Funds to a Ledger

  1. Click on Edit for a ledger record
  2. Click on the Funds tab
  3. Click on + Add Fund
  4. Choose Summary Fund or Allocated Fund
  5. Fill out the details for your fund
    1. Fund records have the same three sections as Ledgers
    2. For details on the options, view the reference tables at https://knowledge.exlibrisgroup.com/Alma/Product_Documentation/010Alma_Online_Help_(English)/020Acquisitions/090Acquisitions_Infrastructure/020Managing_Funds_and_Ledgers#Adding_a_Fund
  6. Click Save