LaunchFinancials setup
The codes your finance team works with, kept in one place and used everywhere in missionX. Go to Financials > Setup in the Organization workspace. Setup is open to organization admins and people with Manage Financials.
What you set up
| Tab | What it does |
| Chart of Accounts | Your GL accounts, each with a category (revenue, cost of sales, direct cost, operating expense, asset, liability or equity) that decides where it sits on the P&L. Add them by hand, or import them from QuickBooks or Business Central. |
| Cost Centers | Link each to a department. New projects take their department's cost center automatically, and its time, expenses, invoices and POs carry it through to reports and exports. |
| Cost Types | The cost categories you pick on budget line items and Gantt estimates. |
| Tax Codes | Named tax rates (VAT, sales tax and so on) with their own accounts, plus the default tax for new invoices. A client's own default tax always wins over the organization default. |
| Client POs | Purchase orders from your clients, with what has been invoiced and paid against each one. Choose whether going over a PO warns you or refuses the invoice. |
| Posting Accounts | The default accounts for labour, expenses, vendor costs, revenue, receivables, payables and tax, plus an account for each expense code. Anything without its own account posts here. |
Heads up: Accounts, cost centers and tax codes are archived, never deleted. Records already coded keep showing the name, and the code stops being offered for new work.
Where the codes show up
- Projects carry a cost center, set when the project is created or later in its settings.
- Client invoices pick up tax codes and client POs.
- Purchase orders and vendor invoices carry GL accounts and cost centers. See Purchasing setup.
- Expenses post to the account set for their expense code.