Friday Feature - Merging Resources
With LCFF (local control funding formula) a reality, you need an easy way to merge resources and other account components. Escape Online has got you covered. We first started blogging about LCFF back in August of 2013, with Jacque's LCFF, Changing Accounts, and You article. Having been on the front lines of the SACS implementation in the late 1990s, we know how important it is to get your accounting right! We learned all we could then (and now) and worked with our customers to create software that provided an easy way to track and change account components.
Check it out.
First, we made it easy to change one component from one fiscal year to the next. All you have to do is link the components with the Next and Prior fields. When you roll accounts forward at year end, Escape Online creates all of the correct accounts and updates requisitions, invoices, positions, etc., with the new accounts.
Under the hood, we have an "account link" that gives you the ability to get detailed historical information. So, if you want to see what happened over the last 10 years to an account with resource 0258, Escape Online can show that to you, automatically linking to the previous accounts with resource 6258.
But, wait, you say. That doesn't seem so hard. The hard part is that LCFF requires us to merge multiple components (restricted) into one (unrestricted).
Ok. That does "sound" hard, but it isn't. You simply enter the same number in the Next field for several components.
It is exactly the same as changing one. When you roll accounts forward at year end, Escape Online creates all of the correct accounts and updates requisitions, invoices, positions, etc., with the new accounts.
It's that easy!