UMDW HANDBOOK


    Use the UMDW ACCOUNT SEARCH to search for Account Codes.

    Use the UMDW ACCOUNT DRILLDOWN to explore the Account Hierarchy.

    Drilldown:
    To explore the account hierarchy, click on one of the following Account Type Hyperlinks:

    Expense
    Revenue
    Asset
    Liability

    Click on individual account codes to explore accounts that are under a particular account.
    Press your browsers back button in order to go back up the account hierarchy.

    Accounts that are under account '629CGS', 'Cost of Goods Sold'.

    Account TypeLevelAccount CodeAccount TitleDescriptionData Enterable
    Expense 2 62901Raw MaterialsExpenditures for the purchase of raw materials used to make a finished product (i.e. paper for Printing and Graphics and Campus Quick Copy).Y
    Expense 2 62902MerchandiseExpenditures for merchandise purchased for resale (i.e. pencils and coffee mugs to be sold in the bookstore).Y
    Expense 2 62903Freight-InExpenditures for the freight charge on an invoice for merchandise or books purchased for resale.Y
    Expense 2 62904Freight-OutExpenditures for the outgoing freight charge on an invoice for merchandise or books purchased for resale.Y
    Expense 2 62905BooksExpenditures for purchase of books for resale.Y
    Expense 2 62907Purchase Returns-BooksExpenditure used for credit memos for returned books.Y
    Expense 2 62917Merchandise Purchase DiscountDiscounts or rebates on merchandise purchases.Y
    Expense 2 62919Postage and Mailing for ResaleExpenditures for postage and mailing purchased for resale.Y
    Expense 2 62930Food Items for ResaleExpenditures for food items purchased for resale (ex: Dining Services).Y
    Expense 2 62999Goods for Resale-GeneralExpenditures for general goods for resale that do not fall under any other category, are non-recurring, and for an immaterial amount. Primarily used for budget purposes when specific expenditures cannot be identified at the time of budget development. Activity in this account will be monitored on a monthly basis and inappropriate use will be reclassified to the appropriate account.Y