Finance | Project Operations, Human Resources, ...

Asset in Progress transaction thru Purchase order

(2) Share

Report

Posted on by Mustafa Quraitem

Hi,

For Asset in progress, we created a New Fixed Asset Group mapped to /Asset in progress/ ledger & against a new /Under construction Asset/ We create a new FIXED Asset ID under the same group,

For Manual JV transactions there is no issue, But we face a problem when we purchase something via Purchase order!

How can we make the purchase order amount hit directly the pre-created fixed asset?

Rgds

Mustafa Nagy

I have the same question (0)

All responses (8)

Answers (0)

André Arnaud de Cal... 300,289 Super User 2025 Season 2 on at

Like (2)

Report

Asset in Progress transaction thru Purchase order

Hi Mustafa,

Can you elaborate on what you experience as "face a problem when we purchase something via Purchase order"? Please provide some more information so we understand what exactly you are doing and where you need help.

Was this reply helpful? Yes No
Suggested answer

Kevin Xia Microsoft Employee on at

Like (1)

Report

Asset in Progress transaction thru Purchase order

Hi,

Could you describe your problem in more detail? For example, specific information about the error encountered, In which operation did you have the problem? It is best to provide a screenshot of the error message? The information you have provided so far is not enough to support us to propose a solution.

Best regards,

Kevin

Was this reply helpful? Yes No
Mustafa Quraitem 63 on at

Like (0)

Report

Asset in Progress transaction thru Purchase order

Hi,

My main question is ;

How to add cost to Fixed Asset ID thru Purchase Order?

Rgds

Mustafa Nagy

Was this reply helpful? Yes No
André Arnaud de Cal... 300,289 Super User 2025 Season 2 on at

Like (1)

Report

Asset in Progress transaction thru Purchase order

Hi Mustafa,

You can add a PO line with a procurement category and specify an amount for the additional investment. On the line details, go to the tab Fixed Assets and provide the Asset ID and Book. Before you post an invoice, check if you have allowed multiple additions to an asset in the Fixed Asset parameters.

Maybe you already tried this and have an error as you talked about an error before. In that case, please provide details about the error.

Was this reply helpful? Yes No
Mustafa Quraitem 63 on at

Like (0)

Report

Asset in Progress transaction thru Purchase order

@Andre arnaud,

Yeh, there is an error, Once I selected asset ID, thousands of items have been automatically updated in the PO!!

Rgds

Mustafa Nagy

Was this reply helpful? Yes No
André Arnaud de Cal... 300,289 Super User 2025 Season 2 on at

Like (0)

Report

Asset in Progress transaction thru Purchase order

Hi Mustafa,

Can you tell what exactly you mean by 'thousands of items have been automatically updated'? What happened in detail? What data entry did you do on the PO for the additional asset acquisition (used an item or category)? What data got updated on the items?

Was this reply helpful? Yes No
Suggested answer

zubairalam 151 on at

Like (1)

Report

Asset in Progress transaction thru Purchase order

Hi Mustafa,
There are two points;

1: CWIP and Assets under Construction: It's important to note that according to accounting standards, CWIP and assets under construction aren't considered fixed assets. Instead, they should be managed through the Project Accounting module based on the type of investment project.

2: Acquiring Fixed Assets Multiple Times: Just a reminder that there shouldn't be any issues with acquiring fixed assets multiple times in the procurement cycle. Simply enable the "Allow Multiple Acquisitions" option in the Fixed Asset parameters to streamline the process.

Thanks

Was this reply helpful? Yes No
Suggested answer

Bharath jain 1,443 Super User 2025 Season 2 on at

Like (0)

Report

Asset in Progress transaction thru Purchase order

Hi,

Additionally to the below suggestion, you can also create a PO and in Fixed asset tab select a pre created fixed asset and type select as Acquisition adjustment.

Regards,

Bharath Jain

Was this reply helpful? Yes No