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