blog posts UAFR Weekly Tips: Equipment Account Codes Nov 8, 2023 10:00 amAccounting and BudgetingEquipment ManagementFY 24Does your unit purchase equipment? If so, keep the following important points in mind when making these purchases: As outlined within the Equipment Account Codes webpage, it is critical that you use the correct expense account code when purchasing equipment. See below for guidance: An account code in the 127nnn range must be used for equipment with a unit cost between $2,500 - $4,999.An account code in the 163nnn range must be used for equipment with a unit cost of $5,000 or more. An account code in the 121nnn, 122nnn, 124nnn, or 126nnn range must be used for consumable supplies or for equipment with a unit cost of $2,499 or less. By using the correct account code on your equipment purchases which have a unit cost of $2,500 or more, you will ensure that: An Origination Tag (Otag) record will be created in Banner, and The new acquisition Otag record will appear in your unit's inbox within the FABweb application. Once the new acquisition appears within the FABweb application, your FABweb Unit Repis then required to: Review the new acquisition Otag record within the FABweb application for accuracy,Request any needed changes to the Otag record to Property Accounting, andSubmit the new acquisition records to Property Accounting through FABweb.ContactIf you have further questions on this topic, feel free to reach out to the applicable subject matter experts within the Equipment Management Who To Ask list.