1. KFS Brown Bag What’s New With JV’s Wednesday – April 24, 2013 12:00 – 1:00 pm McKeldin Library

2. Welcome and Introductions Please welcome some of our KFS COA/JV Team Members- Trina Tanner COA Lead, UMCP Cynthia Barnes Narmada Eriki Helena Moynahan Leon Needle Janice Oakley Muddu Salem Marcelo Casello COA Partner Lead, Navigator Sarah Chastain Dan Lemus Kathi Ruffin Steve Stein Contact us at kfs@umd.edu 2

3. Objectives We have three main objectives for today: 1.Provide a general overview on Journal Entries. 2.Provide a crosswalk of what KFS docs will replace FRS docs. 3.Present an overview of the main Journal Entry types in KFS and their related Workflow. 3 Contact us at kfs@umd.edu

4. 4 KFS Journal Entry Overview

5. JOURNAL ENTRY USE/DEFINITION 5 Contact us at kfs@umd.edu A journal entry is a non-cash transfer of dollars between two or more accounts. It can be used to allocate charges, transfer funds, or correct account number or object code errors.

6. JOURNAL ENTRY FRS DESCRIPTIONS 6 Contact us at kfs@umd.edu FRS/ELF DocFRS Description Intercampus JV Used for affecting accounts on different campuses, an on-campus account, and an off-campus account. The total debits must equal the total credits for the entire form. JV Compound Used for entries where multiple account transactions are taking place. The total debits must equal the total credits for the entire form. JV Other Than Compound Used for two sided entries where each line is self-balancing (where Debit=Credit). Non-Payroll Transfer Used for two sided entries where each line is self-balancing (where Debit=Credit). Initially created for adjustments affecting restricted ledger 4 & 5 accounts. This form includes the original posting period where the other JV’s do not. Payroll JV/ Transfer *To be discussed at a later date.*

7. JOURNAL ENTRY KFS DESCRIPTIONS 7 Contact us at kfs@umd.edu KFS DocKFS Description Distribution of Income or Expense (DI) Used for income to income or expense to expense transactions only. Can be used between campuses (charts). Can be used for a self balancing line or where multiple account transactions are taking place. The total debits must equal the total credits for the entire form. Can only be used for non contract & grant transactions. General Error Correction (GEC) Used for income to income or expense to expense transactions only where the original posting data is needed. Must be used for contract & grant transactions, but can be used by others. Can be used between campuses (charts). Can be used for a self balancing line or where multiple account transactions are taking place. The total debits must equal the total credits for the entire form. Auxiliary Voucher (AV) Used for making all other entries that are not income to income, expense to expense, or transfer transactions. This would include entries between income and expense, or those affecting any of your balance sheet accounts. Can be used for a self balancing line or where multiple account transactions are taking place. The total debits must equal the total credits for the entire form.

8. Crosswalk FRS/ELF to KFS 8 Contact us at kfs@umd.edu Intercampus JV KFSFRS/ELF JV Compound Distribution of Income & Expense Auxiliary Voucher General Error Correction JV Other than Compound General Error CorrectionNon-Payroll Transfer

9. Journal Entry Business Process Flow 9 Contact us at kfs@umd.edu

10. 10 Financial Processing Documents

11. 11 Financial Processing Documents

12. 12 Financial Processing Documents

13. 13 Financial Processing Documents

14. 14 Financial Processing Documents

15. 15 Financial Processing Documents

16. 16 Financial Processing Documents

17. 17 Financial Processing Documents

18. 18 Financial Processing Documents

19. 19 Financial Processing Documents

20. 20 Financial Processing Documents

21. 21 Contact us at kfs@umd.edu

22.  February 27, 2013 – Welcome to KFS!  March 13, 2013 – KFS Chart of Accounts and Workflow  March 27, 2013 – KFS Vendor Maintenance  April 10, 2013 – KFS Requisitions  April 24, 2013 – What’s New With JVs in KFS?  May 1, 2013 – KFS Requisitions (repeat)  May 8, 2013 – KFS Contracts and Grants  May 22, 2013 – KFS Capital Assets  June 5, 2013 – KFS Receiving and Invoices  June 19, 2013 – KFS Reporting 22 Contact us at kfs@umd.edu KFS Brown Bag Series All meetings are scheduled from 12 – 1 pm in 6137 McKeldin Library* * Dates, locations and topics subject to change Introducing … the KFS Brown Bag Series!

23. We are working on a KFS website. In the meantime … 23 Contact us at kfs@umd.edu … Check out updates to the VPAF KFS page … http://vpaf.umd.edu/kuali/index.html

24. For additional information regarding this presentation, please contact:  Trina Tanner  (301) – 405-2633  tannert@umd.edu 24 Contact us at kfs@umd.edu Contact Us  Brenda Sprite  (301) – 405-3020  bsprite@umd.edu