Transfer In-from Renewal & Replacement |
Income |
7040 |
Used in the operating (GNxxxx) account receiving funds from a Renewal and Replacement Reserve (RVREPL) account. |
Nominal Close- CreditSummary Object |
Income |
4490 |
Income summary object code used in the Nominal Close process at Year End. Limited to University Controller |
Interdept Revenue Utilities |
Income |
4027 |
Sale of goods and/or services provided by Utilities to other CU departments. Limited to Utilities Services/Facilities |
Fees - Professional Mandatory |
Income |
4200 |
Mandatory fees for the professional schools. Limited to University Bursar |
Transfer In-from Capital Reserve |
Income |
7041 |
Used in the capital project (PLCIP) account receiving funds from a Capital Reserve (RVCAPT) account. |
PLIF - Liability |
Liability |
2500 |
Use: Limited to the Division of Financial Affairs. |
Accrued Expenses |
Liability |
2010 |
Accrued expenses are expenses that have been incurred but are not yet invoiced. Therefore they will not appear on the financial statements unless an adjusting entry is entered prior to month end. Use: Used to properly record expenses within an accounting period. |
PLIF - Income |
Liability |
2530 |
Use: Limited to the Division of Financial Affairs. |
Accounts Payable Other |
Liability |
2020 |
A current liability representing money owed by Cornell to outside sources. Anything not recorded on object code 2000. Use: Fringe Benefits (pension, insurances) |
Liability - Living Trust |
Liability |
2540 |
Use: Limited to the Division of Financial Affairs. |
Liabilities - Tax |
Liability |
2025 |
To record sales tax liabilities Use: Record sales tax collected on the sale of goods. |
Liability - Gift Annuity |
Liability |
2550 |
Use: Limited to the Division of Financial Affairs. |
Internal Loan Payable - Capital |
Liability |
2030 |
Liability related to internal department loans, capital projects. Use: Restricted for DFS Use Only |
Refundable Grants - U. S. Govt |
Liability |
2600 |
Use for activity related to the Perkins loan fund. Limited to the Division of Financial Services and Bursar Office. |
Operating Loan Payable |
Liability |
2032 |
Liability related to internal operating loans. Use: Restricted for DFS Use Only |
Travel Application Payable - LIMITED USE |
Liability |
2640 |
Concur travel amounts due employee. Use: Limited to system generated Concur transactions. |
Non Resident Alien Fed Tax Withholding |
Liability |
2045 |
Payroll tax withholding Use: Payroll tax withholding for non resident aliens. |
Accounts Payable Offset |
Liability |
2900 |
Accounts payable offset entries are generated for disbursement vouchers, payment requests, credit memos and department feeds creating a liability until the payment is disbursed. Use: When the payment is made object code 2900 is reversed and replaced with 1000. This is automatic. |
Retainage - Liability |
Liability |
2070 |
FACILITIES and DFS USE ONLY. A portion of the agreed upon contract price deliberately withheld until the work is substantially complete to assure that contractor or subcontractor will satisfy its obligations and complete a construction project. |
Notes Payable - Non-Debt |
Liability |
2100 |
Use: Limited to the Division of Financial Affairs. |