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How to handle CIP - Construction in process ASSETS?

edited May 26, 2023 3:50AM in Accounting / ERP 5 comments

we could not find the functionality of tracking the CIP assets in FAM

we need to build the many CIP assets over time, may be more than year and capitalize / depreciate them upon completion

is there a way to record/accumulate the cost of construction as it happens on daily basis. upon the CIP asset is completed , we should be able to capitalize/depreciate them as a parent/group asset,

any feature available in FAM to handle? we believe this is the essential requirement.

thanks

Ahmed

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