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- General Ledger Account Definitions
- 75xxxx: Expense Credits - Specific Accounts
75xxxx: Expense Credits - Specific Accounts
Expense credit G/L accounts represent offsets to regular expenses. They are used for:
- Credit for transfers or sales of surplus equipment.
- Credits for indirect cost which record the non-reimbursable or cost-shared portion of the full indirect cost rate as it applies to grants and contracts.
II. G/L ACCOUNT DEFINITIONS
Prior to July 1, 2019, these G/L accounts were used by service centers in conjunction with 690100 to charge customers for services and credit their operational fund using the 75xxxx G/L. Beginning July 1, 2019, service centers no longer use the 690100/75xxxx convention for billing and instead use a unique 7xxxxx G/L. Therefore, 751000-752500 should be used sparingly and only if a more appropriate G/L cannot be identified.
(751000, 751100, 751200, 751300, 751400, 751500, 751600, 751700, 751800, 751900, 752000, 752100, 752200, 752300, 752400, 752500)