Business Rules
• If the Reports to Chart Code value is not the highest chart level, the reports to object code, fiscal year, and chart code combination must exist in the Object Code Table.
• If the Reports to Chart Code value is at the highest level, then the object code must report to itself as an additional rule.
• If a Next Year Object Code value is entered, then the current fiscal year, chart code, and next year object code combination must exist in the Object Code Table.
Institutional Reporting:
The KFS provides for various fields available for
institutional reporting. You can, for example, define a top level chart that
consolidates activity for reporting purpose. After the top level chart is
defined, the Statement of Net Assets and Statement of Revenues, Expenses and
Changes in Net Assets can be designed, using 'Reports To' chart and object code
and the sub-totals by the object code levels and consolidations on the top
chart. Or, you may design responsibility center reports using
the organization roll-up of accounts. For more
information about the capabilities of the organization within the Chart of Accounts, refer to Organization and Organization Type.
Routing