Question

CapEx Projects

  • 12 August 2022
  • 2 replies
  • 103 views

Looking for best practices and/or suggestions for Tracking Capital Expense Projects.


2 replies

Userlevel 3

Though one can use projects, my preference is to use regular old Jobs.  I use them for both CAPEX and Expense cost tracking.

This requires some product group and part class and gl control setup, but actually works pretty well.

I  have implemented it (or a version of this process) at more than one company

 

Paul

If you are a member of EpiUsers, check out the post at this link: https://www.epiusers.help/t/tracking-financials-for-internal-projects/27124.  The controller I worked with at the time came up with an IJ (Internal Job) concept.  I’ve since brought that to 2 other companies and it works great.  FYI - the author is no longer at the phone number listed but there should be enough in the post to get you up and running.  I always recommend doing a trial run in a test environment - once you transact part classes and product groups in live you can’t get rid of them.

 

Good Luck!

Jenn

 

Reply