This functional area includes four modules: Purchasing, eProcurement, Strategic Sourcing, and Procurement Contracts. This functional area enables users to establish the financial accounts used to accumulate the results of transaction processing, create budgets, generate financial statements, and provide source financial data for reports. The AR module enables users to enter, process, and finalize payments and fund transfers received. The Funds Receipt module (utilized Statewide) is part of the Accounts Receivable (AR) functional area. Functions include establishing and maintaining suppliers, entering and submitting vouchers, managing employee expenses, processing payments, and creating 1099s.
This functional area includes two modules: Accounts Payable and Expenses. Completed training but need a refresher? Course Materials are available.Įssential Cardinal Financials Functions: Accounts Payable To receive credit, users must enroll and complete classes through COVLC.
The COVLC provides access to web-based training and instructor-led training courses. Access Cardinal Financials at my.Ĭardinal Financials training is offered through the Department of Human Resource Management (DHRM)'s Commonwealth of Virginia Learning Center (COVLC). Cardinal’s flagship accounting application.Ĭardinal Financials (FIN) is the Commonwealth of Virginia’s official accounting system of record designed to transform and modernize common business processes across the state.
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