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Hi All ,
Project management and accounting - > Setup - > Line Properties form
In the Line Properties form there is a field called Captalize cost .
Manual says that To capitalize costs to WIP accounts, the line property must be set up to allow for it.
What does it mean and in which scenario we will place the check mark ?
Does it applicable to all projects types in Ax 2012 ?
How does this Captalize cost field is differ with Ledger journalizing field ( Balnace or Profit & Loss ) in project group form ?
Thanks in advance .
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Just responding on the topic:
Yes both the project group shall allow for Balance sheet posting and the specific transaction - from setting on line property - as well. There can be setup many line properties in AX - and per transaction - there is a "capitalize" or not.
[quote user="Brian Welcker"]you can override this by using a line property that does not capitalize costs.[/quote]
Thanks Brain ,
You mean that if the line property = unmarked then those costs will post to P&L .
Am i right ?
This field is in addition to the property on the project group. Basically, if you set the group to post costs to balance, you can override this by using a line property that does not capitalize costs.
Thanks Andre ,
What i am thinking is Capitalize is nothing but a amounts will post to WIP accounts in the BS side .
In that case If you select the Ledger journalizing field ( Balnace ) in project group form , then automatically it will go to the WIP process accounts in Balance sheet.
Then why i need to select the capitalize check mark ?
How this field differ with Ledger journalizing Post -Costs hour field ( Balnace )?
Thanks in advance
HI Lally,
When you are using projects with type fixed-price or investment, you need to 'capitalize costs'. The capitalized costs are used when you are calculating the periodic estimates.
All postings where the line property has this tick box enabled are considered to be in the capitalized costs. When you are using postings with a line property without having this tick box enabled, these costs are considered as being some various costs not related to the e.g. the investment itself, but you want to keep track of these costs as well.
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