Capital investment cost can be settled to other than asset?

[former_member523116]

Hi,

We have a scenario and I have a question (may be you ).

Is there any other options or possibilities to settle the capital investment cost with out an Asset accounting? My thought is say the capital WBSE cost can't be sit on G/L itself?

Experts comments needed.

Thank you,

Krishna Gujju.

[sanjeevc]

Hi Gujju,

I would like Say G/L is nothing but it's WIP as AUC Reciever and whenever we assume project is complete means WIP/AUC have been completed then again we can not consider G/L as valid reciever for capital wbse sender.

Then you need to settle with asset and as sudhakar said if you consider expences to that then valid receiver would be cost center.

Regards,

Sanjeev

[Former Member]

Hi

Is that your expenses are capitalized by your organization? if not the you can you use cost center to collect as receiver. There might be exceptions some part of the cost might not be settled to Asset rather settled to cost center. This is business decision how to go about it.

"My thought is say the capital WBSE cost can't be sit on G/L itself?" - what do you mean? please elaborate.

Thanks,

Sudhakar