Hi,
These are the alternatives I can think of to manage assets in progress.
- Asset reclassification - create a fixed asset group for assets in progress that posts into a separate CIP main account, and reclassify them once they are finished.
- Inventory to asset journal
- Projects
For reporting purposes, I need to have them recognized in specific main accounts (CIP - construction in progress accounts) while they are not being depreciated or fully acquired. I want to avoid using any of the options above because my client is not using for anything the project module, not using purchase orders nor inventories and fixed asset reclassification I think it's a bit tedious and I don't like having assets that then are left "empty".
Anyone can suggest another way of achieving this or your opinion in which is the best way to deal with assets in progress?
Thanks in advance!
