Project Module-Fixed type project

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Hi,

Hope you are dong good!

Would you please tell me that how we can close fixed type project. I am under impression that we have to eliminate the project and it has to converted to my Fixed asset. Am I write or there are some other process to close the Fixed type project?

Thanks in advance

Regards,

Tarun Pan

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André Arnaud de Cal... 302,663 Super User 2026 Season 1 on at

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Hi Tarun,

Can you explain if and what problems you encounter?

Prior to the elimination you should have posted a 100% complete estimation.

Then it is possible to eliminate and have the capitalized costs posted to e.g. your asset.

This elimination does not close the project itself. You have to close the project when no other transactions can occur on this project.

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Community Member on at

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Hi Andre,

Thanks for your prompt reply.

I have a client who wants to track their entire cycle through project. Beginning from Lead to invoice proposal. and their sales price is fixed but purchase price is variable. After having some R&D w.r.t. project type we came to a conclusion that if we go through the type "fixed" then at the end of the project we need to capitalized the entire cost we have incurred during project execution which is not going as per their requirement and we are not able to find out also how to close the project, manually or there are some automated process?

Regards,

Tarun Pan

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André Arnaud de Cal... 302,663 Super User 2026 Season 1 on at

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[quote user="Tarun Pan"]

we have incurred during project execution which is not going as per their requirement and we are not able to find out also how to close the project, manually or there are some automated process?

[/quote]

Hi Tarun,

I don't know their requirement and cannot help you on this part. In any case you have to close the project manually or create a customization for it.

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David Massey on at

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It sounds like you are using the wrong project type. If you want to capitalize cost to a Fixed asset you should be using and Investment project. One of the significant differences between the project types is that transactions can not be invoiced to a customer as this is an asset on your books. Elimination is the process to finalize both project types, but only Investment projects allow for transferring the costs to Fixed asset, another project or a ledger account

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André Arnaud de Cal... 302,663 Super User 2026 Season 1 on at

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David is right. I was confused by your other question. The Investment project type can transfer the costs only.

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