PSC 7420 - ACCOUNTING AND CALCULATING MACHINES

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Classification & Hierarchy for PSC 7420

The classification hierarchy shows how this PSC code fits within the broader federal procurement structure.

Level 1 Spend Category:
6 Office Management
Level 2 Spend Category:
6.1 Office Management Products
Parent PSC Code:
74 OFFICE MACH/TEXT PROCESS/VISIB REC
Active Since:
October 15, 1978
Last Updated:
April 30, 2024

Overview for PSC 7420

PSC Code 7420 covers accounting and calculating machines, including accounting and adding machines as well as electronic calculators. These products are essential tools that assist government agencies in performing financial calculations, bookkeeping, and numerical data processing. The PSC represents tangible machines that facilitate arithmetic and accounting functions but excludes more complex data processing systems. Government agencies utilize this PSC when contracting for devices that support numerical computations and financial record-keeping in a straightforward, mechanical, or electronic manner.

Includes for PSC 7420

This PSC code covers the following products and services:

Accounting and adding machines and electronic calculators.

Excludes for PSC 7420

This PSC code does NOT cover the following:

Punched card system machines; Machines or devices that can be applied to a variety of problems by the internal execution of a series of instructions, not limited to specific keystroke functions, but controlled by a general purpose data processing language.

Typical Buyers & Agencies for PSC 7420

Federal agencies involved in finance, budgeting, auditing, and related administrative functions commonly procure under PSC 7420. These include departments such as the Treasury, Defense Finance and Accounting Service (DFAS), and the General Services Administration (GSA). Such agencies require reliable and efficient devices for routine accounting and calculation tasks to support their operational and financial management processes.

Common Contract Types for PSC 7420

Contracts under PSC 7420 often involve fixed-price purchases and blanket purchase agreements (BPAs) to acquire standard accounting and calculating machines. Procurement methods include simplified acquisition procedures for small orders and competitive sealed bidding for larger quantities. Typical use cases involve the bulk purchase of calculators and adding machines for office deployment or specific project needs requiring precise numeric computations.

Plain-Language Breakdown for PSC 7420

  • Includes accounting and adding machines and electronic calculators used for numeric computations.
  • Excludes punched card systems and general-purpose data processing machines.
  • Typically purchased by federal finance, auditing, and administrative agencies.
  • Commonly procured through fixed-price contracts and blanket purchase agreements.
  • Often associated with NAICS codes for electronic equipment manufacturing and wholesaling.
  • Used to support routine financial and accounting functions within government operations.

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