Kuali Financial System at Cornell

New Interdepartmental Lab Supplies Object Code

In response to campus requests, we have created object code 6545, Interdept – Lab Supply & Material. Please consider using this code when acquiring lab supplies from stockrooms, Cornell Store, and other campus purveyors.

Background:
KFS only allows certain object codes to be used for internal billing transactions. These codes are identifiable by the Object Sub-Type Code of “ID.” This is to improve the accuracy of the university’s financial statements by clearly identifying and properly treating interdepartmental activity. Research units recently raised the concern that there was only a single object code for interdepartmental supplies, and that use of such a code might require burdensome review to determine whether the supplies were for laboratory use (normally direct) or office use (normally indirect).

We do not recommend taking the time to correct transactions charged to object code 6505, Interdept Supplies & Materials in the first four months of the 2012 fiscal year. When we review account transactions, we will take the combined use of the object code 6505 into account.

If you have any questions please contact a Sponsored Financial Services accountant.

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