Project capitalization

This table shows the process to use to capitalize project expenses from Project Ledger to Asset Accounting.

This list shows the prerequisite setup:

1. Set up Asset Book Calendar. It must be a posting book.
2. Set up Asset Template.
   • Verify that the Work in Progress field is not selected. Otherwise, assets are not released and asset journal entries are not created.
3. Set up Project. Verify this information is set:
   • Project status is active
   • Capitalize field is selected
   • Project status is Capitalize
   • Project currency is same as asset currency
4. Set up the Transaction Qualifier

This table shows the process for project capitalization:

Process	Description
Identify and preview transactions	Project Interface Control, Uncapitalized Transactions tab.
Create draft interface records	Draft Project Asset Interface
Edit and summarize transactions	Assign summary codes. Remove lines or delete run group
Create asset interface records	Project Asset Interface action Asset Interface Records tab Capitalize status updated Project Asset Interface tab on posting project
Update asset accounting asset record	Asset Interface Update to complete the capitalization process and create Asset and Asset Item records. Project field on the asset is updated. Run the release action. Asset is released and journal is created.

When the process is complete, you can view the assets on the Assets Dashboard.