IU Financial System Reports and Procedures
Click to review the below IU financial system reports and procedures related to revenue recognition:
Accounts Receivable Aging and Detail Report and Instructions
The accounts receivable aging and detail report is designed to help users 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 to 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. The report output allows users to review the units aged accounts receivable balances with the report displaying detail by organization, by account, and by customer. Review the accounts receivable aging and detail report instructions prior to running the report. Both the instructions and the report can be found by clicking the below links:
Accounts Receivable Document Search Procedure in KFS
Click the above link for detailed procedures on how to search for documents in Kuali Financial System (KFS). In particular, the above instructions are focused on how to locate different types of accounts receivable documents in KFS.
Payment Application Tracking Procedure in KFS
Click the above link for detailed procedures on how to search for payment applications in Kuali Financial System (KFS). In particular, the above instructions are focused on how to see if payments have been applied to an invoice in KFS.
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:
Multi-Year Financial Statements Report and Instructions
The multi-year financial statements report was introduced to help users obtain quick and easy access to historical financial statement information. This report provides users the ability to summarize and compare income statement and balance sheet balances over multiple years. This will enable users to easily analyze trends and make informed decisions. Review the multi-year financial statements report instructions prior to running the report. Both the instructions and the report can be found by clicking the below links: