Allocate only Associated Costs for Automatically Created Assets

The Allocate only associated costs for automatically created assets option controls how you allocate non-asset associated costs.

Default Behavior (Option Disabled)

When this option is disabled, Project Costing allocates all project costs—both asset associated and non-associated—across all eligible project assets for a task. The application uses the selected asset cost allocation model, such as Spread Even, to distribute unassociated costs among all assets (automatic and manual). Asset associated costs, such as item receipt or tracked invoice costs that triggered asset creation, are directly assigned to the related automatically created asset.

Note:

This feature will be available starting with the 25D release.

The example below illustrates the default behavior of the Generate Asset Lines process for an automatically created project asset.

We have a project, CP1, that has one task, T1, with automatic project asset creation enabled and asset cost allocation option set to Spread Even for the Raw cost type.

The following project cost transactions are incurred for CP1 and T1. Two of the transactions, 1001 and 1002, resulted in 2 project assets, CAP_AA1 and CAP_AA2 being automatically created and assigned to CP1, T1. A manually created project asset, MAN_PA1, also exists at the same project and task.

Default Behavior of the Generate Asset Lines Process for an Automatically Created Project Asset

Transaction Number Transaction Type Automatic Project Asset? Asset Name Raw Cost
1001 PO Item Receipt Y CAP_AA1 1000
1002 AP Supplier Invoice Cost (Tracked as Asset in AP) Y CAP_AA2 2000
1003 Labor Costs N/A N/A 600

Project Asset Details

Asset Name Source Asset Assignment
CAP_AA1 Automatic T1
CAP_AA2 Automatic T1
MAN_PA1 Manual T1

The following table shows the allocation of costs when the Allocate only associated costs for automatically created assets option is disabled.

Allocation of Costs when Associated Costs Allocation for Automatically Created Assets is Disabled

Asset Name Transaction Number Cost Allocated Cost Association Allocation Model
CAP_AA1 1001 1000 Asset associated Direct
1003 200 Not associated Spread Even
CAP_AA2 1002 2000 Asset associated Direct
1003 200 Not associated Spread Even
MAN_PA1 1003 200 N/A Spread Even

Behavior When this Option is Enabled

When this option is enabled for the CP1 project, the Generate Asset Lines process allocates only asset associated costs to automatically created assets, and doesn't allocate other costs.

Behavior When this Option is Enabled

Asset Name Transaction Number Cost Allocated Cost Allocated with the Asset Allocation Model
AA1 1001 1000 Directly associated Direct
AA2 1002 2000 Directly associated Direct
MAP_PA1 1003 600 N/A Spread Even

In the table above, if no manually created project assets are found at T1, the cost of 600 will be left unassigned, and users will have to manually review and allocate costs, and assign asset lines to the required assets.