[Roland Schenk]

Does the Fixed Asset module in NAV 2017 allow for CIP’s /Construction in Progress?

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Roland Schenk
DELCATH SYSTEMS
Queensbury NY
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[David Wiser]

My answer would be yes and no.  Yes, you can set up assets and continue to add acquisition costs to the asset until the project is complete.  Then you can start the depreciation on the final acquisition cost.  The no kicks in when you start looking at features that CIP programs have like budgeted amounts, timing on spending, tasks, etc.  You could look at the job module to manage the project until complete and then update the acquisition cost of the fixed asset based on the job cost, but that would be it as far as CIP functionality.  Others may know of other ways to handle this.

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Dave Wiser
Controller
Beckwith & Kuffel
Seattle WA
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[Robb Delprado]

Dave’s suggestion to use Jobs is an excellent use of other functionality within NAV.  The Job functionality lets you accumulate costs from inventory and labor used along with invoices from vendors for services.
I had a client who built large generators and wanted to know what their inventory needs were two months in advance.  They would set up a job for each generator and create a plan for each generator so they knew what parts to order.  Each month, when they ran the Job WIP for open jobs it posted to a CIP account.
We made a modifications to the Job Card to let them assign the Job to a Fixed Asset and another modification to Job Recognition report that posted the Job Recognition to the Fixed Asset, (generator), acquisition cost when the Job was completed.

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Robb Delprado
President
Western Data Systems, Inc.
Houston TX
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