Fixed Asset Account Code Changes: What You Need to Know
As part of recent updates to our fixed asset accounting practices, the Controller’s Office has deactivated about 17 account codes. These codes have already been removed from RealSource and will only remain temporarily active in Banner until July 31st to allow time for processing any remaining payments.
🗓️ Key Deadline: July 31
All payments tied to these deactivated account codes must be processed by July 31. After this date, payments using these codes will no longer be accepted.
âś… What You Need to Do
- Review Your Purchase Orders
Check the attached list of POs (organized by department and user) to see which ones are affected. - Follow Up with Vendors
Contact vendors right away to request any outstanding invoices—for goods or services already received. - Report Delays
If any orders won’t be fulfilled by July 31, please notify me immediately so we can determine the next steps. - Update Non-Catalog or Recurring Orders
- Cancel any existing POs that use the deactivated codes
- Create new POs using the updated account codes
To avoid any disruptions in payment processing, please make sure all necessary actions are completed before the July 31 deadline.
Have questions or need help? Don’t hesitate to reach out!
Categories Procurement Services