Equipment Management pertains to the record keeping for acquiring, maintaining, protecting and properly disposing of capital equipment which includes any purchases over $5,000. Capital Equipment is equipment that cost over $5,000 and has a useful life of at least 1 year. FAS Departments are required to maintain records of equipment purchased with federal and non-federal funding. As well as, equipment furnished by the government in their possession.
The University is implementing a new Oracle Fixed Asset system (OFA) at FAS and its affiliated tubs as of July 1, 2014. OFA will replace our current capital equipment database, Equipster. The new system is an opportunity to merge our equipment management system with Harvard’s accounting system university –wide. This will increase our efficiencies.
Sign up for the FAS Equipment Management listserv
A forum to discuss issues within equipment-intensive departments.