|
Liabilities - Tax |
Liability |
2025 |
To record sales tax liabilities Use: Record sales tax collected on the sale of goods. |
|
Liability - Living Trust |
Liability |
2540 |
Use: Limited to the Division of Financial Affairs. |
|
Interest Payable - Capital Lease Real Es |
Liability |
2026 |
A current liability representing money owed by Cornell to outside sources. Anything not recorded on object code 2000. Use: Fringe Benefits (pension, insurances) DFA USE ONLY |
|
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 DFA Use Only |
|
Refundable Grants - U. S. Govt |
Liability |
2600 |
Use: Limited to the Division of Financial Affairs. |
|
Internal Loan Payable - Noncapital |
Liability |
2031 |
Liability related to internal department loans, non-capital projects. Use: Restricted for DFA Use Only |
|
Travel Application Payable - LIMITED USE |
Liability |
2640 |
Concur travel card transactions. Use: Limited to system generated Concur transactions. |
|
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. |
|
Year End-Accrued Expense |
Liability |
2999 |
A current liability used to record expenses incurred or received in the current fiscal year that are not paid until after 6/30.
Use: This object code is intended to be used from June 1 to July 31 and is the offset to an expense object code when doing an accrual. The entry must be reversed in the following fiscal year (by July 31).
Credit - 2999
Debit - Expense |
|
Operating Loan Payable |
Liability |
2032 |
Liability related to internal operating loans. Use: Restricted for DFA Use Only |
|
Non Resident Alien Fed Tax Withholding |
Liability |
2045 |
Payroll tax withholding Use: Payroll tax withholding for non resident aliens. |
|
Retainage - Liability |
Liability |
2070 |
FACILITIES and DFA 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. |
|
Bonds Payable |
Liability |
2110 |
To record liability related to External Bond Debt - Financial Statements Bonds and Notes Payable Use: External Bond Debt Only |
|
Liabilities - External-Other Debt |
Liability |
2130 |
To record liability related to other miscellaneous debt on the Bonds and Notes Payable Financial Statements Use: Bonds and Notes Payable Debt Only |
|
Bond Premium |
Liability |
2140 |
Deferment of Bond Premium costs over the life of the debt. The expense is amortized monthly. Used to Record deferment of Bond Premium related to External bond Debt. |
|
Deferred-Bond Issuance Costs-Contra Liab |
Liability |
2141 |
Deferment of Bond Issuance costs over the life of the debt. The expense is amortized monthly Use: Record deferment of issuance costs paid on External bond Debt. |
|
FHFO Adj to Mkt Gains |
Liability |
2210 |
Long Term investment market value restate adjustment at year end. Central use only. |
|
Healthcare claims incurred, not reported |
Liability |
2217 |
Deferred Benefits for Medical Costs Incurred But Not Claimed |
