Fixed assets capitalization for a same item installed on different dates

[former_member299477]

Dear team,

I have a scenario where i would need your help.The scenario is below

My client deals with POS machines purchase and installation

He procures POS in bulk say 1000 nos and give a date schedule to the Vendor on which dates these to be delivered partly. subsequent to this vendor will send a Bill for all the 1000 nos and payment will be processed.

Now each ATM is an asset and installation happens on different dates. Now my  client wants to capture the Installation date as the capitalization date for each POS. not the Purchase date.

please suggest me on how to handle this?

Regards

Abuthahir

[former_member205766]

Hi

1.  Create AP Invoice (Service ) for Vendor Bill and process the Vendor Payment.

2   Capitalized the  POS Machines based on the Installation date with  Serial No.

Check the above method in Test Environment if you are satisfied then escalate to your client.

Thanks

With Regards

Balaji Sampath