Fixed Asset Reclassifying

adamEthan

Hey everyone.

Just wondering if there was a simple, more automated way to do this:

When we purchase a fixed asset, its posted to a CIP (construction in progress ) G/L Account. Once the FA goes into service we preform a reclass and the values are transferred to our normal FA G/L accounts.

Is there anything we can do to automate the transferring between accounts? For example if we created two depreciation books, a CIP one and our normal straight line company book.. the CIP would post to the CIP accounts and normal book to our normal accounts, and whenever you switched the asset's book it automatically created the entries for the reclass..

is something like this possible?

we have many assets monthly being moved for CIP to inservice.

thanks so much, as always

-adam

adamEthan

bump once for the good guys?

Miklos_Hollender

Requires custom development but not much - a day at most. Just request a quote from any local solution center. If you don't know any phone Microsoft and they'll recommend one.