The KFS Labor Distribution module sits between the PeopleSoft HR/Payroll system and the KFS general ledger. It is used to manage the accounting aspects of compensation-related expenses (such as salaries and benefits) from the labor distribution records created in PeopleSoft.
The Labor Distribution module also allows authorized users to make necessary adjustments to the Labor Ledger records. The Labor Ledger is a subsidiary ledger to the General Ledger. It holds the details of earnings, benefit and encumbrance transactions generated by the Payroll system and subsequent retroactive adjustments. These are summarized daily and fed to the General Ledger. The Labor Distribution module also updates beginning balances during the year-end process.
Note: Labor distribution processes are especially important for recording compensation records accurately in the General Ledger and managing effort reporting in the Effort Certification module.
Labor Distribution includes the following:
Labor Distribution e-docs, as with all KFS e-docs, use predefined rules and automated workflow. These will decrease errors and guide the staff performing transactions. All KFS users can view most transaction documents, and view all data except for sensitive or confidential information like salaries. Maintenance e-docs are administered centrally and do not route for approval.
As with current systems, queries will be run at multiple points during payroll process to catch potential data problems.