New Interdepartmental Lab Supplies Object Code
In response to campus requests, we have created object code 6545, Interdept – Lab Supply & Material. Please consider using this code when acquiring lab supplies from stockrooms, Cornell Store, and other campus purveyors. Background: KFS only allows certain object codes to be used for internal billing transactions. These codes are identifiable by the Object [...]
Financial processing using expired accounts
Accounting lines that are created using an expired account will prompt a “warning” to the user. The warning should also serve as a reminder to confirm the activity is within the performance period of the agreement. While closed accounts cannot be used in an accounting document, an account that has passed its expiration date but [...]
Expiring accounts require a continuation account
Accounts in KFS are required to have a continuation account when they have an expiration date, or as the account is closed. For contract and grant accounts, which are based on a specific period of performance and therefore incorporate an expiration date, a continuation account is required at the creation of the account. It can [...]
Using KFS-module overviews online now
We’ve just launched a new section on the KFS website called Using KFS. This is the place to read overviews of modules and some common tasks. We started off with the Financial Processing module, which will replace JEMS and other tools, and more is coming soon. Between these, videos of functional review presentations, and tutorials [...]
Predefined Workflow
One of the things you won’t need to do in KFS is pick an approver. Each specialized e-doc comes with predefined workflow. You can trust that each fiscal officer has defined delegates for when they are out, and central review will be performed by a group of people who have been given access. You will [...]
You asked. KFS delivered.
Two frequent laments we’ve heard over the years are, “Why do things hit my accounts without my approval?” and “Why can’t I change a transaction when I review it and see it’s not quite right?” Well, KFS delivers the ability for a fiscal officer to review, approve, or change transactions on their own accounts. That [...]
Transaction-Specific e-docs
Some of you have asked, “Will JEMS be replaced by KFS?” The answer is yes, and in a good way. KFS will have specialized e-docs to successfully guide you through the preparation of accounting entries. For example, you’ll use a Transfer of Funds e-doc to balance your transfer object codes. For you accountants out there [...]
Deadlines and Year-End Transactions
Many of you know me, Cathy Salino, already, but in the KFS implementation world, I’m the lead for the Financial Processing module and General Ledger. I’d like to introduce you to the big wins Cornell will gain from these aspects of the system. Did you ever try to find out what DFA’s deadlines are for [...]
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