Express Capitalization

Express capitalization simplifies the process of creating assets by consolidating manual tasks. It is available only if you use PeopleSoft Asset Management.

To use express asset capitalization:

1. Set up filter criteria that specifies which transaction costs are eligible to make up the cost basis of the asset.

2. Set up capitalization rules in advance at the business unit level that default to new projects and activities as they are created.

   The rules specify such things as the timing of asset creation, the relationship of projects and activities to asset creation, and how to handle asset adjustments.

3. Use the Express Asset Definition pages to define assets and their attributes and to relate those assets to projects and activities.

   The specific express asset page that you will use is based on the rule that you use to identify the asset.

4. Run the Express Capitalization Application Engine process (PC_EXPRSS_AM) that uses the filter and rules that are set up in previous steps to create or adjust assets, assign transaction costs to assets, and send assets from PeopleSoft Project Costing to PeopleSoft Asset Management.

   You can set up the process to require approval of summary data before you send it to PeopleSoft Asset Management.

Note:

You can use the express capitalization functionality to summarize assets by asset, but not to summarize assets by profile.