IU Financial System Reports and Procedures
Click to review the below IU financial system reports and procedures related to accrual accounting:
BUY.IU Year-end AP Accrual Detail Report and Instructions
The BUY.IU year-end AP accrual report was created to identify the accounts payable (AP) invoices that were included in the automatic AP accrual process. It is also designed to assist fiscal officers in determining if all material expenses have been properly recorded in the correct period. Ensuring the correct recording of liability balances helps in presenting materially correct financial statements which are used both internally and externally. Review the BUY.IU year-end AP accrual report instructions prior to running the report. Both the instructions and the report can be found by clicking the below links:
- BUY.IU Year-end AP Accrual Detail Report Instructions
- BUY.IU Year-end AP Accrual Detail Report Locations
Accounts Receivable Aging and Detail Report and Instructions
The accounts receivable (AR) aging and detail report was created as a tool for IU departmental users to track and manage their outstanding accounts receivable balances. The balances reflected on these reports are limited to those transactions that were initiated within the KFS AR module and are recorded in object code 8118 in the general ledger. The primary purpose of the AR aging report is to help units identify which customers have unpaid balances, how much they owe, and how long the balances have been outstanding. Review the accounts receivable (AR) aging and detail report instructions prior to running the report. Both the instructions and the report can be found by clicking the below links:
Financial Statements Report and Instructions
The financial statements report is designed to help users obtain quick and easy access to all financial statements. Financial statements are formal records of financial activities and the overall financial position of an entity. There are three major financial statements utilized at Indiana University: the income statement, balance sheet, and cash flow statement. The financial statements report pulls all three of these reports simultaneously. Review the financial statements report instructions prior to running the report. Both the instructions and the report can be found by clicking the below links:
Creating a Saved Search for Enroute AV Documents Instructions
Click the above link to review instructions on how to create a saved search for enroute AV documents within Kuali Financial System (KFS). This allows the user to perform a search for enroute AV documents without having to enter the search criteria each time.