Institutional Accounts

2000-2299 Series: Current Liabilities

All liabilities or that portion of which are due within one year from the date reported on a balance sheet.

2000 - Accounts Payable Purchasing  
Amounts owed to outside vendors for the purchase of goods or services that have been received by the University. These transactions are produced by, and reconciled to, the central Accounts Payable system.
2001 - Accounts Payable Other  
Amounts owed to outside vendors for the purchase of goods or services that have been received by the University. These transactions are accrued manually outside the central Accounts Payable system.
2010 - Unearned Revenue  
All revenue received but not yet earned.
2011 - Unearned Rev-Intdept  
Unearned revenue for interdepartmental use.
2020 - Salaries Payable  
Amount owed to university employees for salaries earned in the current month that will be paid on the first day of the next month. These transactions are produced by and reconciled to the central Payroll system.
2021 - Salaries Payable Other  
Amounts owed to university employees for salaries earned that are not included in IACT 2020-Salaries Payable. These transactions are accrued manually outside the central Payroll system.
2022 - Wages Payable  
Wages owed, but not paid.
2025 - Comp Ab - Vacation - Current  
Current portion of vacation payout owed, but not paid.
2026 - Comp Ab - Sick Current  
Current portion of sick leave payout owed, but not paid.
2027 - Early Retire Pay Short Term  
Current portion of Early retirement owed, but not paid.
2028 - Unpaid Claims Liabilities  
For Accounting & Financial Reporting use only. Estimated obligations for University of Iowa physicians, employee medical and dental benefits and property claims.
2030 - Net OPEB Obligation Short Term  
Annual other post employment benefit (OPEB) obligation net of contributions made for the year.
2040 - Interest Payable  
Interest accrued on University obligations, but not paid.
2050 - Bonds Payable Current  
Current portion of outstanding bond obligations owed by the University.
2056 - Debt Refunding Gain-Current  
To record the current portion of debt refunding gain calculated based on the formula prescribed by GASB. This amount is reported as a deferred outflow on the Statement of Revenues, Expenses, and Changes in Net Position.
2060 - Notes Payable Current  
Obligations for which the University has received goods or services, but has signed a written statement of obligation in lieu of paying cash.
2065 - Student Loans Payable  
For Loan Fund Only (FUND 530).
2070 - Capital Lease Payable Current  
Contract obligation for which the University of Iowa has received the rights to use the property of an owner, but has signed a written statement of obligation in lieu of paying cash.
2100 - Accounts Pay Accts Rec Credits  
Balance owed to individuals and third party payers for credit balance accounts in the UIHC patient accounting system.
2160 - Due To Third Parties  
Reimbursement owed to third party payers for patient services when interim payments exceeded allowable reimbursement during the past year.
2170 - Interdepartmental A/P  
The balance of an obligation due to another entity within the University. This IACT must be used in conjunction with 1170-Interdepartmental A/R. The WhoKey to whom the obligation is due must use IACT 1170.
2195 - Other Current Liabilities  
Other current liabilities not defined to another liability IACT in the range of 2000-2299.

Return to Top