1. What is a sub-ledger accounting rule (SLA)?
An SLA is a rule that dictates how transactions in the sub-ledger are recorded in the general ledger.
2. How will the SLAs affect project costs?
All costs from the projects sub-ledger will follow the U-D-O set up at project level, so costs always match revenues in the general ledger.
The U-D-O and Fund Type will be derived from the project owning organization for all projects, regardless of what is entered on the transaction.
The Location and Business Line will be derived from the project/task master data for sponsored projects, and via user entry for non-sponsored projects.
3. How will Accounts Payable Freight and Miscellaneous Lines be handled for sponsored and non-sponsored projects?
All freight and miscellaneous lines on an invoice that does not have an associated line with account instructions will be automatically posted to specific general ledger string, and will no longer require a manual journal entry.
4. What is a Grant Fund Type rule?
This rule will prevent “Grant Fund Type” project transactions from being entered in the general ledger. Users should use the projects module to enter Grant Fund Type project transactions.
5. What fund types are affected by the Grant Fund Type rule?
The following fund types are affected by the Grant Fund Type rule:
|310||Federal Grants & Contracts|
|380||Grants & Contracts State of NJ|
|385||Grants & Contracts Other States|
|390||Restricted Medical Contracts State of New Jersey|
|400||Local Municipal Grants & Contracts|
|500||Corporate Grants & Contracts|
|520||Foundations Grants & Contracts|
|560||Associations Other Non-Profit Grants & Contracts|
|580||Foreign Grants & Contracts|
|640||Restricted General Grants|
|645||Restricted Program Income|