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Hi,

When we moved to IFS, we imported balances of our projects. We are now trying to complete these projects and capitalise the costs and turn them into intangible assets. We have set up the fixed asset objects and have set up a reposting rule to ensure the costs go to this asset so it can be activated and amortised, but when we go to close the project, it is showing us £0 value to be able to be capitalised - see screenshots below.

Can anyone advise how I can get this to work so IFS moves the costs itself and capitalises the asset, rather than trying to force through a manual journal?

Thanks in advance for any help!

​@Thomas Peterson ​@nivslk any ideas on this one?

Hi, 

Could be an easy fix. 

Guessing that when you migrated the project values, it was migrated to a CIP (construction in progress) or other asset account. 

IFS projects / capitalization needs cost.   

Move the values from asset to cost and allow IFS to capitalize / do its thing.  

You will focus on moving the cost, but at the same time, you don’t want additional cost so you may credit cost (no project) and debit cost with a project. 

Best regards

Thomas

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