Techniques are provided for performing transaction-aware caching of metadata in an electronic file system. A mechanism is described for providing transaction-aware caching that uses a cache hierarchy, where the cache hierarchy includes uncommitted caches associated with sessions in an application and a committed cache that is shared among the sessions in that application. Techniques are described for caching document metadata, access control metadata and folder path metadata. Also described is a technique for using negative cache entries to avoid unnecessary communications with a server when applications repeatedly request non-existent data.