How do I classify my property?

When it comes to classifying an item, the class code is determined by what the item is and not by a manufacturer's description of an item. Property Custodial Officers (PCOs) work from a standardized listing of items (i.e., computer monitor, computer personal, photocopier). All property classifications should be obtained from your PCO.

How do I record my property for accounting?

Recording property includes the recordation of property into the current automated property management system. Recordation responsibilities fall to the purchasing agent and also to the Property Custodial Officer (PCO). Proper property recordation includes knowing how the property should be classified according to the item's specific manufacturer, model and serial number. Recordation also includes the user, location and building associated with the item. The purchasing agent records the acquisition value and collects documents (not required with credit card purchases) associated with each piece of property. Other information including the acquisition date, receipt date and the date you plan to put the property in use is required and should also be put into the automated property system by the PCO.