KFS Overview

What is KFS?    

KFS is the modular financial accounting system developed by the Kuali Foundation that will replace our current accounting system - FRS.

KFS is based on the proven financial system design used for more than 10 years at Indiana University. The University of Arizona is a founding and development partner in the Kuali Foundation. The Kuali Project was established in 2004 by Indiana University and the University of Hawaii. The Kuali Project was incorporated into the Kuali Foundation in July 2006. The other development partners include Colorado State, Cornell University, Michigan State University, University of California-Davis, Irvine and Santa Barbara, University of Southern California, San Joaquin Delta Community College, the National Association of College and University Business Officers (NACUBO) and rSmart, a Phoenix-based support organization for open-source software in education. In total there are over 30 Universities and Commercial Affiliates paying annual dues ranging from $4,500 - $24,500 to provide ongoing support of the Kuali enterprise applications.

What KFS modules are being implemented? 

The UA has chosen to implement the General Ledger, Chart of Accounts, Financial Processing, Purchasing, Accounts Payable, Capital Asset Management, Contracts and Grants, Accounts Receivable,  Labor Distribution, Effort Reporting and Budget Construction, with a go live date in January 2010. 

The implementation of KFS at the University is not a typical financial systems implementation due to the extensive involvement of the UA in its specification and development. UA will be among the first universities to implement KFS. A prototype or sandbox environment has been available for preliminary conversion and other testing since February 2008.   Colorado State University, another FRS school,  plans to implement in July 2009. The other developing partners will be implementing over the next few years.