Hello DarshiG,after finally completing(building) the fixed asset on a project I directly add new object in fixed asset modul and balance via manual voucher entry the project values (credit) against fixed asset account with object ID (debit).This procedure will update FA and balance the view of project in GL to zero.Hope this will help you. BR Florian
Hello Ralph,interesting idea.Are you talking about “Automatic Posting Rule” ?How could this rule be setup?Looking forward for your answer. BR Florian
Hi Florian, i am not talking about an automatic posting rule. I am referring to a function in IFS Project. If you setup a project you can choose between the ‘Capitalization Posting Method’: Transaction: Capitalization postings will be created when a voucher row is updated to the general ledger and they will be included in the same voucher as original cost or revenue.Periodical: Capitalization postings will not be created when updating a voucher row to the general ledger. Instead capitalization will be handled as a periodical process. When this method is selected the following functionalities will be available for a project: and the Project Type: Capitalize Rev/Exp: The costs and revenues of the project are capitalized and a cost reposting rule can be entered. Capitalize Expenses: The costs of the project are capitalized and a cost reposting rule can be entered. When revenue is entered, an estimated cost corresponding to the current contribution margin ratio is posted to a preliminary
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