Tools Library Page

Pages

Pages

No results found.

Pages

Title Category Code Description
Cash Offset Asset 1000 Cash offset entries are generated for most transactions, thereby balancing the account (debits equal credits), independent of any other account. Use: Most of the entries you create will automatically generate a cash offset entry. These are automatic.
Cash - Petty Cash Asset 1100 Minimal amount of cash kept on hand to pay for small expenditure items ($75 and under) when a procurement card cannot be used. Use: See policy 3.21
Cash Drawer Asset 1101 Specific amount of cash used to make change in retail operations. (register drawer or vault) Use: Reconciliation of cash drawers should be done every day the drawer is used and periodically if the drawer is not used regularly
Cash In Bank Asset 1110 Represents the actual cash deposited in Cornell's bank accounts. Use: Automatically populated by KFS when an advance deposit (AD) is completed.
Cash Equivalents Asset 1130 Marketable assets that are very close to their maturity dates. Use: Use limited to the Division of Financial Affairs.
Cash Equivalent/Investment Restate Asset 1131 Use: Limited to the Division of Financial Affairs. Reclass entry to restate Investments & Cash Eq.
Accounts Receivable Asset 1200 A current asset representing an amount due Cornell resulting from the sale of goods or services. Use: Any department where goods and services are invoiced.
Account Receivable - NYS Asset 1217 New York State appropriation due to Cornell Use: Allocation distributed to colleges prior to funds received from NYS
Accounts Receivable - Student Asset 1220 Asset created when a student's account is credited prior to receipt of external funds Use: Private loans from banks, outside scholarships
Accounts Receivable - Student Loan Fed Asset 1225 Asset created when a student's account is credited prior to receipt of loan funds from federal sources. Use: Perkins, Stafford
Accounts Receivable-Student Loan Inst Asset 1226 Asset created when Cornell loans institutional funds to a student Use: PILIPP, Law School, Endowment loan programs
Due from Subsidiary/Cornell Asset 1230 Due to/from activity between Subsidiary and Cornell, offset by OC 2300.
Allowance for Doubtful Accts Asset 1250 Allowance for Doubtful Accounts is a contra current asset object code associated with A/R. When the allowance object code is used, the unit is anticipating that some accounts will be uncollectible in advance of knowing the specific amount Use: Units billing sales to external customers where the possibility of default exists. The allowance normalizes fund balance activity.
Internal Loan AcctRec -Capital Asset 1270 Asset related to internal department loans, capital projects. Use: Restricted for DFA use only.
Internal Loan AcctRec -Noncapital Asset 1271 Asset related to internal department loans, non-capital projects. Use: Restricted for DFA use only.
Operating Loan AcctRec Asset 1272 Asset related to internal operating loans. Use: Restricted for DFA use only.
Interdept - Accounts Receivable Asset 1280 An asset created from sales activity between Cornell departments. An interdepartmental income code must be used on the other side of the transaction. Use: Used by departments to record income when the customers account can't be charged an expense due to the period end (month or year).
Deposits in Transit/CC Receivable Asset 1290 Used to temporarily hold credit card receivables. Should not be used for most credit card transactions as they are considered income as soon as they are received and should be booked to a revenue object code.
Accounts Receivable - Contract Grant Asset 1300 A current asset representing an amount due Cornell as a result of invoicing Contract & Grant agreements or Federal Appropriations. Use: Restricted for DFA use only.
Allowance for C&G Reserves Asset 1320 Contra Asset associated with Contract & Grant Receivables. Use: Restricted for DFA use only.

Pages