Expense Account Code Change for Royalty Payments

F&A occasionally creates vouchers for royalty payments. Such payments are typically recorded using category number 99005002 Fees/Sponsor/Warranty/Title and that category defaults with expense account code 749999 when it is selected on a requisition. A recent business need to report this type of payment separately prompted F&A to activate expense account code 749907 – Royalties to enable segregated reporting for this expense type.

Effective October 28, 2014, please change the expense account code from the default value to 749907 – Royalties when you create or approve a requisition for royalty payments.

If you have questions, contact the Financials Service Desk at:

Financials Support Services
fntrain@ucf.edu
407-823-5117 (option 6)