Accounting flow for Capital Projects - CIP

Hi Team,

We wanted to create one CIP account for each Project and the budgeting also done at the same account, so now the issue is when we actually posting the asset, the CIP account will be reversed and cost trasnferrred to the Asset acccount. Due to this my budgets loaded in the CIP account is getting released.

Example.

Project A123

CIP Account 445566

1. Budget Entry

Project A123- CIP-445566           Dr 1000

2. Actual - expenses through Supplier Invoice

Project A123- CIP-445566           Dr 1000

Liabelity Account                               Cr 1000

3.  Asset Account                     Dr  1000

Project A123- CIP-445566                  Cr 1000

So once the CIP costs is transferred to the Asset account, the budgets are getting released.