Financial Services Manual (FIN)

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FIN 421–04 Table

Type of Service and Code for Payments Requiring IRS Form 1099

Professional and independent contractor services, maintenance and repairs, printing, reproductions, and photography are charged to all object/sub-object codes beginning with 7310 except 7310 13, documented expense reimbursements. Certain deferred artist fees are charged to the balance sheet account code 2703, and certain independent contractor services coded to cost of sales 7010 23 are also subject to Form 1099 reporting.

Subagreements are charged to all object/sub-object codes beginning with 7314 or 7315.

Participant stipend payments are charged to object/sub-object code 7400 20.

Rental and royalty fee/copyright payments are charged to all object/sub-object codes beginning with 7340.

Land improvements, building improvements/remodeling, new construction costs, planning/design/management costs, and building fixtures are charged to all object/sub-object codes beginning with 7890 except land acquisitions 7890 01.

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