Account Type | Level | Account Code | Account Title | Description | Data Enterable |
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Expense | 2 | 62901 | Raw Materials | Expenditures 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 | 62902 | Merchandise | Expenditures for merchandise purchased for resale (i.e. pencils and coffee mugs to be sold in the bookstore). | Y |
Expense | 2 | 62903 | Freight-In | Expenditures for the freight charge on an invoice for merchandise or books purchased for resale. | Y |
Expense | 2 | 62904 | Freight-Out | Expenditures for the outgoing freight charge on an invoice for merchandise or books purchased for resale. | Y |
Expense | 2 | 62905 | Books | Expenditures for purchase of books for resale. | Y |
Expense | 2 | 62907 | Purchase Returns-Books | Expenditure used for credit memos for returned books. | Y |
Expense | 2 | 62917 | Merchandise Purchase Discount | Discounts or rebates on merchandise purchases. | Y |
Expense | 2 | 62919 | Postage and Mailing for Resale | Expenditures for postage and mailing purchased for resale. | Y |
Expense | 2 | 62930 | Food Items for Resale | Expenditures for food items purchased for resale (ex: Dining Services). | Y |
Expense | 2 | 62999 | Goods for Resale-General | Expenditures 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 |