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Capitalize fixed assets upon purchase receipt to expense destination

edited May 26, 2023 7:18AM in Maintenance 3 comments

Summary:

This 23 B new functionality is available for fixed asset for non-project purchases with a receipt destination type of expense.

Is it going to be available for project POs ? Any timeline?

Client operates in grants environment and all purchases incl. fixed assets are routed through projects. Per current practice, upon receipt, all the eligible items are registered in assets module, bar code generated with asset details (num, location etc) and pasted on asset before handover to users. So capitalizing assets upon receipt is essential.

We would like to have this feature available for both Capitalized projects (WIP/AUC assets) and non capital projects (expense dest. fixed asset), but more urgent for non-capital projects.

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