How to close an Investment Project without Capitalizing

[Former Member]

Hi All,

Requirement is how to close an Investment Project midway, when cost have been settled to AuC over several periods.

In present system they transfer the cost from their Work In progres account to a Cost center.

Thanks and regards

Maneesh

[virendra_pal · Accepted solution]

let us say over the time 1000 is in AuC

do a financial journal

Cr 1000 WBS Dr 1000 Cost centre (just use a dummy cost centre)

Now settle WBS to AuC

Dr 1000 WBS Cr AuC 1000

Now the AuC has 0 and can be deleted

The WBS has 0 and can be closed

The cost centre now has the debit 1000 - you can do whatever you want with that

[Former Member · Accepted solution]

Thanks.

Regards