Accounting

On April 23, after a scheduled upgrade completes, KFS users will experience a new look and feel to the Kuali Financial System (KFS). The upgrade to KFS 7 will include usability improvements to enhance the user’s experience.

To support the PeopleSoft upgrade (scheduled to start at 10:00 p.m., Friday, February 17, and complete by 8:00 a.m., Tuesday, 2/21) special KFS procedures will be in place for chart of accounts e-docs:

KFS, e-SHOP, Travel, Procurement Gateway and PCard Receipt Submission will be unavailble from 6:00 p.m., Friday, December 2, until approximately 6:00 p.m., Saturday, December 3, so that the KFS application and database can be migrated to a cloud server. 

The Auxilliary Voucher deadline has been extended to September 6. For August 2016 month-end, please remember to run your final monthly financial statements after September 6.

Since KDW did not load the evening of July 11 with entries that successfully posted to KFS that day, we have adjusting the following deadlines for year-end processing:

DFA will be processing a biweekly payroll accrual for six days, June 23, 24, 27, 28, 29 & 30, so that the accrual appears as a FY 2016 expense. This is an accrual for financial statement purposes only, there will be no labor ledger entries, nor will it affect effort certification reports.

The new contract college employee benefit rates for fiscal year (FY) 2017 have been submitted to the Department of Health and Human Services for approval and are scheduled to be as follows: