The KFS Financial Processing module replaces the legacy Journal Entry Management System (JEMS), Payment Request application, and forms used to process cash receipts, wires, and manual account payable vouchers. It also adds robust new functionality. Both central and campus staff will use the module, depending on the type of financial transaction to be processed.
Here is a comparison of legacy applications to the KFS financial transactions documents, or e-docs, that will replace them.
| Legacy Financial System | Kuali Financial System |
|---|---|
| Journal Entry Management System (JEMS) | Auxiliary Voucher Budget Adjustment Credit Card Receipt Distribution of Income and Expense General Error Correction Internal Billing Pre-Encumbrance Transfer of Funds Year-End: YE Budget Adjustment |
| Cash Receipt Forms | Advance Deposit |
| Large Billings (telephone, etc.) | Collector Feeds |
| Payment Request | Disbursement Voucher |
All KFS e-docs are based on predefined rules and automated workflow. These will guide the staff performing transactions and decrease errors. All KFS users can view most transaction documents, except for sensitive or confidential information like salaries. Maintenance e-docs are administered centrally and do not route for approval.
To learn more, you can watch presentations about the Financial Processing module.
