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Can you transfer CIP assets from Project to FA? How do CIP assets in Projects can be transferred to

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edited Jul 13, 2021 7:38PM in Project Management 1 comment

Summary

Can you transfer CIP assets from Project to FA? How do CIP assets in Projects can be transferred to FA? What are best practices?

Content

One of my clients asked this question on how to maintain CIP assets? 

Cost collection to capital projects happens in Project module.  Those costs will be accumulated until the asset is ready to be capitalized in FA.  Once the asset is ready, it will be transferred to FA as capitalized asset.  Instead of this, is there way to transfer the costs to FA as CIP and capitalize the asset and start depreciating from FA module when the asset is ready to be used?

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