An online tool in ARIBA used to make a payment to a supplier when a PO is not required and the invoice is under the "Direct Buy Limit". Non-PO Invoice provides users a convenient means of making quick payments as an alternative to Procard while providing the same visibility users have come to enjoy with ARIBA.
A new form in the ARIBA system, used for reimbursing UW employees for expenditures made on behalf of the University up to $3,500.
The preferred method of purchasing at the University of Washington. Also referred to as ARIBA.
Adding an inventorial asset or pending asset to an existing inventorial tagged asset.
Earned credit equipment results from in-store credit, or any similar type of credit based on accumulated spend. An equipment item acquired through earned credit is considered equipment if it meets the equipment definition (value greater than $5,000 and a life expectancy of more than one year).
A gift is considered equipment if it meets the equipment definition (value greater than $5,000 and a life expectancy of more than one year). University departments are responsible for approximating the fair market value of a gift at the time of receipt. If the approximate fair market value is $5,000 or more and the life expectancy is more than on year, then the gift must be tagged and inventoried.
A lease that does not meet one or more of the criteria included in the Capital Lease definition.
A lease that meets one or more of the following criteria:
An estimate of the total time that an asset is usable and in service.
Unit cost is the purchase price or fair market value of one piece of equipment and can include ancillary costs such as calibration, installation, freight, trade-in, and sales and excise tax.