How to implement Capitalized interest??
Hi All,
Can anybody provide detailed steps for implementing Capitalized interest on capital projects?
We have tried the following, but no Capitalized Interest Transactions are generated.
1. Defined Capital Interest Rate Name
2. Defined Capital Interest Rate Schedule
3. Enabled Capitalized Interest for the project status.
4. Assigned the capitalized interest schedule to project type.
5. Assigned the capitalized interest schedule to project under capital information.
6. Defined Assets on a project.
7. Assigned Assets at the top task level.
8. Captured expenditures against each task of the project via supplier invoice.
9. Interfaced supplier costs.
10. Ran PRC: Update Project Summary Amounts for a Single Project.
11. Capitalized the asset in the Capitalization window by changing the asset status from Estimated to As Built and providing all required asset information.