Sub-Ledger Accounting Rules (SLA)

1. What is a sub-ledger accounting rule (SLA)?

2. How will SLAs affect project costs?

3. How will Accounts Payable Freight and Miscellaneous Lines be handled for sponsored and non sponsored projects?

4. What is the Grant Fund Type rule?

5. What fund types are affected by the Grant Fund Type rule?


Sub-Ledger Accounting Rules (SLA)

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.

Back to Top

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.

Back to Top

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.

Back to Top

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.

Back to Top

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
315 Federal Pass-Through
320 Hatch
330 Smith Lever
375 State Pass-Through
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

Back to Top