Contracts & Grants

The Contracts & Grants module of the Kuali Financial System (KFS) supports all post-award financial requirements for contracts and grants, including indirect costs and cost share as well as budgets and project to date balances.

The Contracts & Grants (CG) module also includes support for managing invoicing activities related to Contracts & Grants. When this functionality is turned on, several additional menu options display. Additionally, the Agency, and Award and Customer documents have additional tabs and fields to collect information needed by Contracts & Grants Billing. These additional menu items, tabs and fields are described within the AR and CG documentation and identified as being available when Contracts & Grants Billing is turned on.

Contracts & Grants Billing provides the ability to invoice by account, award and contract control account. Invoicing methods include Cost Reimbursable, Pre-Determined Billing, Milestone and Letter of Credit Draws. Contracts & Grants Billing also comes with functionality related to Collection Activity, such as Dunning Campaigns and Tickler Reports. Contracts & Grants Invoices can be created manually or via batch. Contracts & Grants Invoices are stored within regular AR and payments are applied in the same way as regular AR invoices.

In order to work efficiently in the system's Contracts & Grants screens, you need to understand the basics of the KFS user interface. For information and instructions on logging on and off, navigating, understanding the components of screens, and performing basic operations in the screens, see Overview.