General Ledger (GL)

The General Ledger contains the financial transactions that are created via Kuali Financials documents, fed in from external systems or created during batch processing. The batch process scrubs data to ensure transactions are valid and creates offsets to ensure the GL balances. In the event a transaction is invalid, all entries associated with that transaction are demerged and can be corrected via the General Ledger Correction Process document. The batch process also creates capitalization, indirect cost recovery and cost share transfers. Several Balance Inquiries are available to provide access to real time balances and encumbrance details.