Creating a capital project

Step 1. 

Define fixed assets ( Asset Number and Asset Extension) in the Asset Details (tffam1600m000) session. Infor LN sets the Status to Entered.

Step 2. 

For a project, select the Capital Project check box in the Project (tppdm6600m400) session.

Step 3. 

To link the fixed asset, specify the Asset Number and Asset Extension on the Financial tab, in the Project (tppdm6600m400) session. This step is mandatory before closing a project to ensure that the project cost is capitalized when the project is closed.

You can also specify the Asset Number and Asset Extension for an element or activity, which is optional.

Step 4. 

Select Activate from the main menu in the Project (tppdm6600m400) session to set the project to Active.

Step 5. 

Register and process costs for the project. See Registering costs and commitments.

Step 6. 

After the project is over, set the Project Status to Finished and the Financial Result Status to Determine Result in the Project Status (tppdm6107s000) session; or you can set the Element or Activity status to Finished.

You can use the Project Accounting Parameters (tpppc0100s000) session to specify the options to post completion transactions for capital project.

Step 7. 

Select the Final Result check box in the Process Transactions (tpppc4802m000) session and process the transaction.

Step 8. 

After the transaction is processed, Infor LN sets the project status to Closed and the transaction is posted to Financials.

Step 9. 

In the Asset Details (tffam1600m000) session you can view whether the Transaction Cost is posted successfully and also the Status is set to Acquired. You can also view the Asset Source, Project and Element/ Activity that are linked to the Asset, on the Origin tab.