Accounting and Calculating Machines - New Zealand (NZ)

Federal Supply Class (FSC): 7420

NATO Supply Classification Class (NSC): 7420

Federal Supply Group (FSG): 74 Office Machines, Text Processing Systems and Visible Record Equipment

NATO Supply Classification Group (NSG): 74 Office Machines, Text Processing Systems and Visible Record Equipment

Items Managed by New Zealand (NZ) - NCB is 98

NATO Supply Class 7420 refers to Accounting And Calculating Machines, which are categorized under NATO Supply Group 74 for Office Machines, Text Processing Systems And Visible Record Equipment.

Accounting and calculating machines are devices used for various financial and numerical calculations in office settings. They are designed to perform tasks such as addition, subtraction, multiplication, and division, as well as more complex functions like statistical analysis and financial calculations.

These machines are essential for accurate and efficient accounting and financial management in organizations. They can be used for tasks such as payroll calculations, budgeting, tax calculations, and general ledger maintenance.

NATO Supply Class 7420 includes a wide range of accounting and calculating machines, including:

1. Adding machines: These machines are used for basic addition and subtraction calculations. They typically have a keypad for inputting numbers and a printing mechanism to provide a physical record of the calculations.

2. Calculators: Calculators are more advanced versions of adding machines, capable of performing a wider range of mathematical functions. They often have additional features like memory storage, percentage calculations, and scientific functions.

3. Electronic calculators: These calculators use electronic circuitry to perform calculations. They are typically portable and battery-powered, making them convenient for on-the-go use.

4. Accounting machines: Accounting machines are specialized devices used for bookkeeping and financial record-keeping. They can perform tasks like posting transactions, generating financial statements, and maintaining ledgers.

5. Cash registers: Cash registers are used in retail environments to process sales transactions, calculate totals, and provide receipts. They often have additional features like cash drawer management and barcode scanning.

6. Point of Sale (POS) systems: POS systems are comprehensive systems that combine a cash register with additional features like inventory management, customer relationship management, and sales reporting.

NATO Supply Class 7420 ensures that accounting and calculating machines used by NATO member countries meet specific standards and requirements. It helps in standardizing the procurement and maintenance of these machines across NATO forces, ensuring interoperability and compatibility.