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Interdept - Accounts Receivable |
Asset |
1280 |
An asset created from sales activity between Cornell departments. An interdepartmental income code must be used on the other side of the transaction. Use: Used by departments to record income when the customers account can't be charged an expense due to the period end (month or year). |
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Svc-Advance Spons Sub over $25K |
Expense |
6651 |
Amounts advanced for subawards where sponsor billing is allowed. This code is excluded from the calculation of MTDC indirect costs. The first $25,000 advanced on a subcontract is recorded with object code 6661. Use: For use in fund CG accounts only. Subaward agreement through OSP is needed. |
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Svc-Advance Spons Sub upto $25K |
Expense |
6661 |
Amounts advanced for subawards *where sponsor billing is allowed.* Other advances should use 1610. This code is excluded from the calculation of MTDC indirect costs. Amounts above $25,000 advanced on a subcontract are recorded with object code 6651. Use: For use in fund CG accounts only. Subaward agreement through OSP is needed. |
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Non Capital Retainage Expense |
Expense |
6070 |
Amount withheld from vendor payment until job is completed. Use: Amount withheld from vendor payment until job is completed. |
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Allowance for Doubtful Accts |
Asset |
1250 |
Allowance for Doubtful Accounts is a contra current asset object code associated with A/R. When the allowance object code is used, the unit is anticipating that some accounts will be uncollectible in advance of knowing the specific amount Use: Units billing sales to external customers where the possibility of default exists. The allowance normalizes fund balance activity. |
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Depreciation - Moveable Equip |
Expense |
6303 |
Allowable decrease in value of property or equipment. Use: Use limited to the Division of Financial Affairs. |
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Depreciation - Vehicles |
Expense |
6304 |
Allowable decrease in value of property or equipment. Use: Use limited to the Division of Financial Affairs. |
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Depreciation - Books |
Expense |
6302 |
Allowable decrease in value of property or equipment. Use: Use limited to the Division of Financial Affairs. |
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Depreciation - Computers |
Expense |
6306 |
Allowable decrease in value of property or equipment. Use: Use limited to the Division of Financial Affairs. |
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Depreciation - Fixed Equipment |
Expense |
6308 |
Allowable decrease in value of property or equipment. Use: Use limited to the Division of Financial Affairs. |
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Depreciation - Software |
Expense |
6305 |
Allowable decrease in value of property or equipment. Use: Use limited to the Division of Financial Affairs. |
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Depreciation - Improvement Not Bldg |
Expense |
6307 |
Allowable decrease in value of property or equipment. Use: Use limited to the Division of Financial Affairs. |
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Depreciation - Leasehold Improvements |
Expense |
6309 |
Allowable decrease in value of property or equipment. Use: Use limited to the Division of Financial Affairs. |
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Depreciation - Art Collection |
Expense |
6300 |
Allowable decrease in value of property or equipment. Use: Use limited to the Division of Financial Affairs. |
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Depreciation - Bulding |
Expense |
6301 |
Allowable decrease in value of property or equipment. Use: Use limited to the Division of Financial Affairs. |
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Depreciation - Capital Lease Equipment |
Expense |
6311 |
Allowable decrease in value of property or equipment. Use: limited to the Division of Financial Affairs. |
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Depreciation - Capital Lease Real Estate |
Expense |
6312 |
Allowable decrease in value of property or equipment. Use: limited to the Division of Financial Affairs. |
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Deferred Revenues |
Liability |
2240 |
Advance payments or unearned revenue. Revenue that is received but not earned in the current fiscal period. Use: Summer sessions; tuition is collected for the summer but not earned until the expense is recognized in a following period. |
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Over/Short - Inventory |
Expense |
6405 |
Adjustments to inventory levels. Use: Use to reconcile physical inventory to GL |
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Additional Comp Min Benefits |
Expense |
5450 |
Additional compensation (severance, work separate from duties) and other items. Min fringe rate -- see KFS Labor Distribution Table Labor Benefits Calculation table for fringe rate % |
