The first two digits of the account code give you information about the revenue or expense item.

5 accounts are for revenue

• 50    tuition and fees
• 51     investment income
• 52    gifts
• 53    investment gains
• 54    contract and grant revenue and F&A recovery
• 56    student loan interest
• 57    external sales revenue
• 58    internal revenue (from another university department)
• 59    miscellaneous revenue

6 accounts are for labor expense

• 60    salaries and wages
• 62    fringe benefits

7 accounts are for non-labor expense

• 70000-73999    general expenses
• 74000-74999    F&A (facilities and administrative, overhead)
• 75000-75999    capital equipment
• 76000-76999    capital construction
• 78000-78999    cost of goods sold
• 79000-79999    endowment expenses

8 accounts are for transfers