I’m sure my requisition is equipment, but I’m still confused about which general ledger account to assign to an item. What is the rule?
The full rule set for assigning G/Ls is available on the Property Office homepage under Policy and Procedures- Coding Of Equipment Purchases. Briefly stated: • If the net cost of the item is less than $500, assign 420226 Materials and Services or 421900 Computer Supplies and Peripherals; • If the net cost of the item is between $500 and $2,999, assign 421827 Minor Equipment; • If the net cost is $3,000 or greater, assign 421818 Capital Equipment.
Related Questions
- I understand that equipment purchases require certain general ledger account assignments. How do I know if my requisition is considered to be equipment?
- I’m sure my requisition is equipment, but I’m still confused about which general ledger account to assign to an item. What is the rule?
- Not sure how to create an account or confused about how to log-in to the website?
