General Ledger Accounts to Use for Equipment & Furnishing Purchases
There are specific general ledger accounts available for recording equipment, furnishings, software, and fixed equipment purchases. Following is a description of the accounts available and the types of expenses that should be recorded in each. Please use the following information to identify the proper general ledger account when preparing your
purchase order or reclassifying your
credit card charges on Smart Data On Line (SDOL).
Note: For grants, please consult with your Grant Accountant to ensure that the correct general ledger account is used when preparing your purchase order. This will ensure that the expense is recorded against the proper sponsored class, minimize variances from budget, and ensure indirect costs are recovered correctly.
Equipment & Furnishings: This group of assets generally includes all items that are perceived as moveable personal property. These items are tagged with university property identification tags to deter theft, promote good asset management and provide a basis for university departments to conduct the annual equipment inventory.
Cost < $5,000 per unit
useful life < 2 years
805200: Equipment that is Tagged, Not Capitalized or Depreciated
805501: Equipment that is Tagged, Not Capitalized or Depreciated and is less than $1,000
Normally the equipment has a purchase price lower than $5,000 per unit. Lower dollar value technology related items, especially those with a high risk of theft, can also be placed in this category and tagged.
801000: Moveable Equipment that is Tagged,
Capitalized and Depreciated
Examples may include: cameras, digital cameras, stereos, audio visual equipment, televisions, VCRs, DVD players, printers, computers, electronics, and digital media equipment.
Examples may include items
> $5,000: lab equipment, large copiers & printers
Upgrades or Other Enhancements: After purchasing computers, machines or other equipment, a department may purchase an upgrade or other enhancement for the original item. The general ledger account used for such subsequent purchases will depend on how the original purchase was recorded:
Original Purchase Recorded as
805200 Equipment Not Capitalized
Original Purchase Recorded as
801000 Equipment Capitalized
805201 Upgrades / Components
for Equipment not Capitalized
801100 Upgrades / Components
for Capitalized Equipment
Equipment Not Tagged that is less than $1,000: General Ledger account
805500Equipment Not Tagged Less Than $1,000 should be used for equipment that is not tagged
and is less than $1,000. Examples of this include: Memory cards, cords, laptop batteries, and mounts for pieces of equipment.
Software: This group of assets generally includes purchased software. The following general ledger accounts should be used:
805100 Software (for new software purchases)
805101 Software Maintenance & Renewals
Title Vehicles: For vehicles which have a title and registration, general ledger account
801200Title Vehicles should be used. Please note that Athletic Vehicles require special treatment; please contact Jennifer Blake in Accounting Services. Please ensure that the vehicle has proper insurance coverage; please contact Risk Management.
Fixed Equipment: Fixed equipment is permanently affixed to the building and is therefore not moveable. Examples of fixed equipment are fume hoods, lighting fixtures, HVAC ductwork, vanity tops, etc. These items should be recorded in general ledger account
805000 Fixed Equipment. Please call Pat Duffy at x1139 if you have any questions.