Booked Expense capitalize as Asset

[Former Member]

Hi,

I have query we have booked some expenses which are supposed to be booked under Asset.

Now we want to convert that expenses into Asset.

How can we capitalize booked expense into asset.

[srinivasa_maruvada · Accepted solution]

Create Asset

Go to F-02 and use PK as 70 and enter asset and transaction type = 100

and for credit used PK 50 and enter earlier debited GL account ie previous expense GL account

Srinivas

[Former Member · Accepted solution]

Hi,

So we have to use the same Transaction Type as Acquisition (100).

It will not be an issue latter right .

In the asset history report

[srinivasa_maruvada · Accepted solution]

No issue. Go ahead

[Former Member]

Thank you all

[former_member433617]

Srinivas is very correct as always.

There is an additional way, which is not better - just different.

Book a journal entry to reduce/credit expense and debit the same commitment item, but use an investment measure (either WBS element or internal order) on the debit line to be capitalized.

Then follow up with either CJ88 or KO88 to capitalize into AuC and on to the completed asset record as well.

Regards