Property Accounting


Property Accounting is responsible for ensuring that the University's property standards are adhered to, and for maintaining RIT's capital equipment and capital project inventory records. In addition, Property Accounting coordinates the University’s annual capital equipment physical inventory, ensuring that its assets are safeguarded. If you have questions regarding how to account for capital equipment or capital projects, please contact the Property Accounting Office at (585) 475-4933.


Accounting for Fixed Assets and Capital Projects

Capital Equipment Projects - Account Combinations

Capital Equipment – Useful Lives

Capital Equipment Fabrication Policy

Capital Projects – Useful Lives

Construction/Renovation Project - Close-Out Process

Financial Treatment of Equipment Classified as Emerging Technology

Guidelines to Follow When Purchasing Capital Equipment

Property, Plant and Equipment Policies & Procedures