Run Periodical Capitalization

Explanation

This activity is used to calculate and post periodical capitalization for all or selected projects with the Active or Partially Completed status and the Capitalization Posting Method Periodical.

Prerequisites

• The procedure for Periodical Capitalization and Revenue Recognition (PCRR) must have the Defined/ PartiallyCapitalized status.
• Any previous PCRR procedures for the same ledger selection must have the Posted/Closed status.
• At least one project must have the Active status, and capitalization posting method Periodical.
• All vouchers for this project must be updated to the General Ledger (and updated to Internal Ledger if Separate GL/IL Rules in use).
• Periodical Capitalization Information must be completed with default voucher type information.

System Effects

• The Periodical capitalization vouchers will be created for the selected projects that are set up for periodical capitalization. The period capitalization and revenue recognition status of the projects will be changed to Capitalized.
• If you have selected only part of projects/ project groups with periodical capitalization data set up to run periodical capitalization, the procedure status will be changed to Partially Capitalized. Once all projects/ project groups with periodical capitalization data set up are selected to run periodical capitalization, the procedure status will be changed to Capitalized.
• If the selected project does not require periodical capitalization for the selected period and ledger, status will still be changed to Capitalized without creating a voucher and Empty Capitalization check box will be updated.

Window

Periodical Capitalization and Revenue Recognition Project

Related Window Descriptions

Periodical Capitalization and Revenue Recognition Project

Procedure

Use the following procedure to run periodical capitalization from the Periodical Capitalization and Revenue Recognition Project window:

1. Open the Periodical Capitalization and Revenue Recognition window.
2. Select the procedure, right-click and then click Periodical Capitalization and Revenue Recognition Project.
3. Select the project/(s) with status Defined, right-click and then click Run Periodical Capitalization. Note: It is possible to run periodical capitalization of all projects with Defined status at once by using header level options in the Periodical Capitalization and Revenue Recognition Project window.
4. Select the voucher type and confirm the information.