Asset Management Interface (AC160)
Run Asset Management Interface (AC160) to capitalize activity costs in the Asset Management system.
You can track costs and asset information in posting activities. When you are ready to create the asset, use AC160 to transfer the activity information to the Asset Management application.
Before capitalization can occur, verify the following:
- all transactions have been to the activities
- the capitalization flag is set to yes for account categories eligible for capitalization
- the activity status allows capitalization
- activity asset parameters exist (including an asset template defined in Asset Management)
Processing Effect
AC160 (Asset Management Interface) creates the following general ledger transactions in the General Ledger when you create an asset:
- a debit to the asset clearing account defined on Activity Asset (AC10.3), and
- a credit to the WIP account defined on Activity Asset (AC10.3) or a credit to the company, accounting unit, account, and subaccount in the original cost transaction if no WIP account is defined on Activity Asset (AC10.3)