You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Capital Projects with Recoveries/Billing



Content (required):

We have a requirement where Entity A in the enterprise is responsible for managing capital project construction (eg. a building) on behalf of Entity B. Project costs will be incurred by Entity A's capital project, who will recover expenditures from Entity B. Even though Entity A will fully recover costs from Entity B, the asset (ie. building) that was constructed will be on Entity A's books in Fixed Assets.

My plan was to use Inter-Project Billing so that Entity A can recognize revenue and bill Entity B on a cost reimbursement basis. Entity A would define the project asset on their project and transfer to Fixed Assets. My initial tests seem to confirm that there will not be any changes to the asset nor asset lines generated for Entity A after billing is processed.

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!