Prior to reading the instructions on Financial Detail Transactions, it is beneficial to review the following sections of the IU Accounting Standards Book to gain foundational information along with requirements and best practices:
Financial Detail Transactions is a data group that can pull a detailed record of all financial transactions housed in the general ledger (GL). Every financial transaction generated by a unit is recorded in the GL through a journal entry. This report provides the most-granular view of what makes up the financial statement balances and helps management prepare accurate and organized financial statements.
Financial Detail Transactions is designed to display the journal entry used to record each transaction and includes more information about the transaction such as date, amount, description of the entry, and a document reference number. Entries are created from Kuali Financial System (KFS) documents (i.e. General Accounting Adjustment (GAA) edoc), transactions from external systems (i.e. Student Information System (SIS)), or created during batch processing (i.e. Payroll).
It is important to note that KFS is updated in an overnight batch process occurring after 10 p.m. Transactions are not viewable in real-time but will be displayed one day after document is in final status or batch process has occurred.
The Financial Detail Transactions can be located at the top of this page - refer to the top right blue button labeled "Go to Report" which will automatically redirect users to the reports within the Controller's Office Reporting Tools.
In addition, the reports can be found in One.IU. To find the reports, search for “Controller’s Office Reporting Tools” in the search bar, and select Controller’s Office Reporting Tools (Report Center) under Tasks. Mark this task as a favorite by clicking the heart icon located at the bottom right corner of the tile. Click on the tile.
Once in the Controller’s Office Reporting Tools, users will see all available reporting tiles. Navigate to the Financial Statements folder. New tiles open, which display all the available reports. Below the report tiles, are blue selection buttons. Select the Data Groups button and then select Financial Detail Transactions.
Define the search parameters to return results relevant to your organization or to a specific account. The available search options in the Financial Detail Transactions are divided into two types: parameter options and output field selection.
A number of parameters are available to assist users. Users can enter the responsibility center (RC) code, organization code, and account for their respective organization. At this time, all the parameters are optional; however, this may result in a long report run time.
If unsure, several of the parameters have a valid values function which displays the available codes and corresponding descriptions.
|University Fiscal Year
|Used to limit report to a specific fiscal year(s).
|University Fiscal Period Code
|Used to limit report to a specific fiscal period(s).
|Used to limit report to one or more specific chart of accounts. For assistance determining your chart code, refer to KFS Chart Lookup.
|Used to limit report to one or more specific account(s).
|Used to limit report to one or more specific sub-account(s).
|Used to limit report to one or more specific object code(s).
|Object Code Name
|Used to limit report to specific object code name(s).
|Used to further divide the activity of an object code. They are unique to both an account and an object code and will assume all attributes of the associate object code.
|Object Type Code
|Used to limit the report to one or more specific object type code(s).
|Object Sub Type Code
|Used to limit the report to one or more specific object sub type code(s).
|Object Level Code
|Used to limit report to one or more specific object levels.
|Consolidated Object Code
|Used to limit report to one or more consolidated object code(s).
|Financial Balance Type Code
|Used to limit report to one or more specific balance type(s).
|Document Type Code
|Used to limit report to one or more specific document type(s).
|Used to limit report to a specific organization code. Users are encouraged to use this parameter in conjunction with a chart code.
|Responsibility Center Code
|Used to limit to a specific RC. Users are encouraged to use this parameter in conjunction with a chart of accounts code. For assistance determining your RC code, refer to KFS RC Lookup.
|Fund Group Code
|Used to limit report to specific fund group(s).
|Sub-Fund Group Code
|Used to limit report to specific sub-fund group(s).
|Financial Document Number
|Used to limit report to specific document number(s).
|IU Object Code
|Used to limit report to one or more specific IU object code(s).
|Transaction Post Date
|Used to limit report to a specific post date.
Output fields can be selected by the user to define and restrict the visual presentation of the Financial Detail Transactions. They are listed below the parameter section.
|Select the Output Fields
|User has the option to determine what is displayed in the report output. By selecting All Fields, all available output field options will be displayed, or user can select Only Selected Fields to display only chosen fields.
|User has the option to display only the first 500 rows or select to view all available rows in report output.
|Available Output Fields
|Multiple fields are available for user to select for report output display.
|Select the Output Format
|Selects whether the report is generated in Excel or HTML format. If a user selects HTML format, the report will appear in a separate tab within the user’s browser and will look identical to the excel version. Output format is based on personal preference.
|Select the Output Destination
|An email will be sent with the link to your selected output format (Excel or HTML).
Click Save Parameter Settings to save your parameters for future use of this report. For instructions on how to save settings, review the Save Parameter Settings document on the Controller's Office Reporting Tools page.