NDIS PACE Funding Components and Periods - Create new Funding Components and Funding Periods

NDIS PACE Funding Components and Periods - Create new Funding Components and Funding Periods

To create a new Funding Component, follow these steps

πŸ“’ PLEASE NOTE - In the INTERIM period that development was occurring, we advised customers to proceed with standard process and to setup Plan Budget categories for the FULL plan length. By following the steps outlined below, Funding Period amounts will automatically adjust based on services that have already been delivered during the period. πŸ“’

For customers WITH SyncPro, please refer to Knowledge Base Article - Create new PACE Service Contract and related Funding Components 

For customers who DON'T have SyncPro, follow these steps. 

1.  On Plan Budget table, click on  next to the Category name to open Create Funding Component dialogue



2.  Select Auto or Manual from Amount Distribution:

                                                            
                                                                

  1. Plan Budget
    1. Auto-filled based on the Category Name.
    2. Read-only – you cannot edit this field.

  2. Plan Period
    1. Auto-filled based on the Service Contract Start and End Dates.
    2. Read-only.
  1. Funding Component Amount
    1. Auto-filled with the Category Budget Amount.
    2. You can update it, but it must not exceed the Category Budget Amount.
  1. Funding Period Count
    1. Auto-filled based on the number of funding periods entered manually or auto-generated
  1. Start Date and End Date (Required)
    1. Enter the dates for the Funding Period as shown in PACE 
    2. The dates must fall within the Contract duration.
  1. Amount (Required)
    1. Enter the amount allocated for the current Funding Period.
  1. Add More Funding Periods (if needed):
    1. Click [+ Add another Funding Period] to add more entries and fill in the details as above.

Auto Distribution of Funding Periods:
To Auto-Generate the funding periods, select "Auto", "Period Length" and click on "+Generate Periods":

                                                      
This action automatically distributes the amount evenly based on the selected period length, plan period and total plan budget. Click Create to finalise the funding periods for this plan budget category.

                                                            


Manual Distribution of Funding Periods:
If you prefer to manually allocate the amount to the funding periods, you can use the manual amount distribution. Select "Manual", "Period Length" and click "+Generate Periods":

                                                            
This action will enter the start and end dates automatically but will leave the Amount as 0.00 so that it can be updated manually:

                                                            
IdeaTip: For faster data entry, use the Tab key on your keyboard to quickly move to the next field and enter data without using your mouse.

3. When all information is entered, click [Create] to save the Funding Component.

4. What Happens Next

  • After creation, a new icon appears next to the Plan Budget.
    This icon indicates that a Funding Component has been successfully created.

  • The Available amount now shows how much funding the participant can access for the current Funding Period.




  • The newly created Funding Component and its associated Funding Periods will now appear in the Funding Component table for review and tracking.

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