The Kuali Financial System (KFS) is based on the Financial Information System used at Indiana University for more than 10 years. KFS is a modular financial accounting system designed to meet the needs of higher education. The University of Hawaii has been involved with the Kuali Financial Project since its inception in 2005. In November, 2008 the UH began our internal project to determine how KFS would be implemented for UH. On July 2, 2012, UH implemented these KFS modules: Chart of Accounts, General Ledger, Financial Processing, Labor Ledger, Accounts Receivable, Contracts and Grants, Purchasing, Accounts Payable and Capital Asset Management.