Capital projects
The Project Capitalization and Asset Interface process is used to select posted Global Ledger transactions with a project assigned to them to be interfaced into Asset Accounting. After the interface, the selected transactions can be related to an existing asset in the form of an asset adjustment or repair. Transactions can also represent a new asset to be capitalized.
The first step in this process is to identify which transactions are pulled into Asset Accounting. Identify the transactions on the Project Interface Control form on the Asset Accounting menu. See the Asset Accounting User Guide for more information.
The form requires a project for the initial selection of transactions and refines the records using a transaction qualifier. This qualifier is a condition builder you can use to create complex selection criteria using logic to filter selected records. Use the conditions to select transactions with a particular accounting unit, system code, or account that is assigned in addition to the project.
Any records that meet the criteria for the project asset interface control record selected will display in the Uncapitalized Transactions tab. The draft project interface asset process creates a draft of project assets. The records that meet the specified through date of the transaction are moved from the Uncapitalized Transactions tab to the Draft Interface Records tab. The draft records can be changed or deleted before finalizing. Individual lines can be removed or the run group can be deleted. Project Capitalization And Asset Interface then moves the records from the Draft Interface Records tab to the Asset Interface Records tab. Releasing the asset interface records creates the asset record. The project users have access to view the stages of the asset records, but do not have access to create the records. Creating and updating the project interface asset is done with an asset role.