Create CIP Project

In order to track CIP in AssetEdge, you must first create projects that will accumulate costs as the expenses come through the system. Follow the steps below to create a project.

From the Fixed Assets menu, click the orange plus sign next to Construction in Progress OR from the Fixed Assets overview menu select Construction in Progress and then the New Construction Project button in the upper left corner.
Give the CIP project a name and optionally a budget, start date, end date and description. You may upload related documents.
In the Accounting Details section, you must choose the CIP account where the costs will sit. Optionally, you can also set the dimension values for the project. These will carry through to the capitalized asset and then the depreciation later. NOTE: You must select the dimensions for the project that you chose to require in the setup of your application.
Click Save.

Next Steps:

At this point you will want to start adding costs to your project, whether manually, or through AP or Purchasing.

To add a costs manually (this is the process for getting the project up to speed with your GL), follow the next step Adding a Manual Cost to a CIP Project.

To add costs through AP or Purchasing, please follow those processes (Adding an Asset Through AP or Adding an Asset Through Purchasing) and then follow the process to move the cost into a CIP Project instead of placing it into service (Move Cost to Construction Project).