Do you frequently use expense account code 142900 (Contractual Services Not Elsewhere Classified – Payment to Vendor)? If so, keep the following in mind:
- Using the correct account code is essential to ensure compliance with State of Illinois reporting requirements and accurate financial reporting.
- Before using 142900, review the available account codes in the Account Code Search application to determine whether another account code more accurately reflects the nature of the expense.
- The 142900 account code should only be used as a last-resort classification for vendor-paid contractual services that do not reasonably fit within any other existing contractual services account code.
- UAFR frequently identifies unallowable uses of this account code during transaction reviews. Remember that account code 142900 cannot be used for the following:
- Funding transfers between units
- Lump sum expense transfers
- Purchases of tangible items (such as supplies or equipment)
- Employee reimbursements
- Deposits of sales proceeds
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For questions related to this topic, refer to the Business & Finance Who to Ask list and search for “Account Codes” to find an appropriate subject matter expert.
