Property Control Tags

  • Who Completes This Task: Clerk or Inventory Manager

     

    Process

    Items purchased with SPPS funds that require an inventory tag (also called asset tag or property control tag) are tracked through PeopleSoft. If a tag is needed, contact the Business Office management assistant.

    If an asset tag is peeling off, write the numbers on the item itself with a sharpie. It won’t be able to be scanned with a barcode scanner, but the number will be accurate.

     

    Criteria

    See the Equipment and Supply Quick Guide if further clarification is needed.

     

    Steps - Acquired Through Purchase Requisition

    1. Use the Purchase Requisition procedure
    2. Be sure to complete the “asset details” section when entering the receipt

     

    Steps - Automated Process

    1. Select Items, such as computers, come with an inventory tag affixed to them
    2. Tags are attached by vendors prior to shipping
    3. Tags are recorded in PeopleSoft by asset management staff

     

    Steps - Acquired Through P-Card

    1. Use P-Card for purchase
    2. Manually record the asset details in PeopleSoft

     

    Documentation Required

    Property tag information must be recorded in PeopleSoft

Why This Is Important

    • It’s the law (see 2 CFR 200.311-313,)
    • Account for items purchased with public funds
    • Safeguard SPPS assets
    • Inventory control and loss prevention
Last Modified on October 31, 2018