Commodity Code List

"Commodity Codes" are broad categories of expenditures types that are tied to a specific account. The accounts provide important information regarding the nature of the item being recorded. For example, if a requisition is created to hire a consultant, the commodity code CONSULT should be entered in the commodity field then the specific account will automatically be populated when you move to the accounting information block. You can always add more specific information in the description field.

In order to comply with existing accounting pronouncements and various laws, the university must be able to sort and report expenses by classification. The use of "commodity codes" and "accounts" provides compliance with these requirements

Commodity Code List as of May 2009.