In this blog, we’d like to introduce you to some of the things that are new in the May 2015 version of SAP Business ByDesign.
You can also read more about the topics that are highlighted in the What’s New in SAP Business ByDesign, May 2015 video here.
Today, we’re going to talk about Asset under Construction
You can now automatically accumulate project costs until a defined phase of the project. The costs can then be settled through a settlement run to begin the useful life of the fixed asset.
There are two ways to capitalize project costs:
- Set up rules to transfer project costs first to the asset under construction automatically. Then settle costs from asset under construction to fixed assets via settlement run. To do so, you can assign an asset under construction for each task in a project. All the costs/ expenses against the project task are accumulated in this AuC. You can settle these expenses by scheduling and executing a settlement run. The run transfers all the accumulated secondary postings from the asset under construction to fixed assets linked to the AuC . For more information, see Settlement to and from Asset under Construction.
- Settle project costs directly to fixed assets via the settlement run. To do so, you can create a settlement rule for the project tasks, and
then execute the settlement runs to capitalize the cost accumulated on the project tasks. For more information, see Direct Project Settlement to Fixed Assets.
Are you familiar with the What’s New video in SAP Business ByDesign? You can have a look at it here.