Accounting

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:

The following DFA classes have open seats and are open to any person interested in learning more about Cornell accounting/finance policies. Please register via CULearn.

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.

Please review your action list for any Year End (YE) e-docs. Initiators should follow up on YE e-docs to make sure they are approved.

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:

The following financial documents that are enroute on/before June 30 but not approved by 9:00 p.m., June 30 will be disapproved:

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.

This is a reminder that certain operating accounts, also referred to as net asset, fund balance, or reserve accounts — must be fully funded by fiscal year-end.