The Account document is used to create new accounts or to edit or copy existing accounts. An account is used to identify a pool of funds assigned to a specific university organizational entity for a specific purpose. Accounts are the fundamental building blocks of Kuali Financial Transactions. Financial Transactions are always associated with one or more accounts.
An account has many different attributes associated with it that often determine how the KFS allows you to use that account in transactions. It also has attributes associated with it that aid in reporting or drive special processes, such as indirect cost calculation.
The Account document comes with a global document option where you may make certain changes to a group of accounts at once. The feature of the Account Global document is explained in the section following the Account document.
The Account document has five account specific tabs: Account Maintenance, Account Responsibility, Contracts and Grants, Guidelines and Purpose, and Account Description, which group related attributes together.