Expense Natural Accounts
An expense natural account code is used to properly classify an expenditure. Note: In the Project Accounting module, an expenditure type is used to properly classify an expenditure.
The current list of expense natural accounts was developed to provide the right number and mix of codes so as to allow departments to manage their budgets and upper level management to make financial decisions. For a detailed listing, visit the Expense Natural Account Code web page. If you prefer a hard copy, you can print one from the web page. The web page also offers a search feature to aid departments in finding the proper expense natural account to use in order to properly classify their expenditures.
- Standard codes - are required to be used when applicable
- Supplemental codes - are available for use when a department determines they have a need for a more detailed listing of expenditures than the standard codes can provide them with
Expense natural account codes are first broken down into general categories (or series), with numerous expense natural account codes available in each series:
- 100000 Series - Salaries, Wages, and Other Professional Fees and Services
- 200000 Series - Employee Benefits
- 300000 Series - Supplies
- 400000 Series - Travel & Entertainment
- 500000 Series - Information & Communication
- 600000 Series - Maintenance, Repairs, Rentals & Other Occupancy Expenses
- 700000 Series - Miscellaneous
- 800000 Series - Purchases for Resale
- 900000 Series - Capitalized Costs and Transfers
Research Incentive Accounts note: for guidance, review policy and procedure #19.053, section D "Use of funds", by following this link: http://www.ohiou.edu/policy/19-053.html
