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Intra-University Charges and Credits

Accounting and Financial Reporting

View Official Policy: Intra-University Charges and Credits

When University departments buy and sell goods or services from other University departments, the transaction is recorded and processed on a journal in the UGA Financial Management System. The revenue (credit) side of the entry should also; use account code 471100 for all funds; this account code is specific to intra-university transactions. The account code for the expense (debit) side of the entry should properly classify the type of goods or services being purchased.

Responsibilities

Responsible University Senior Administrator: Vice President for Finance & Administration

Responsible University Administrator: Associate Vice President for Finance Division

Policy Owner:  Accounting

Policy Contact:  Terri Akers

Phone Number:  706-542-6868

Date Issued: 07/01/2018

Last Reviewed/Updated: