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What is the difference between ChartFields in Commitment Control (KK) and ChartFields in General Ledger (Actuals) or how do the different ledgers relate to different ChartField values?

April 26, 2017actuals chartfields commitment CONTROL different KK ledger ledgers

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What is the difference between ChartFields in Commitment Control (KK) and ChartFields in General Ledger (Actuals) or how do the different ledgers relate to different ChartField values?

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General Ledger (GL) and Commitment Control (KK) are used for two different analytical purposes. GL is the official accounting book, used to identify what is actually spent, and used for UF’s financial reporting. KK is for monitoring spending authority and preventing overspending. Monitoring needs are different according to the source of funding. For example, Fund 201 is used for federal grants and therefore has more restrictions on spending. Fund 201’s budget is monitored using ChartFields Fund Code, Dept ID, Project ID and Account Code.