You use the Item Master application to change the capitalized status of an item. When you mark an item as being capitalized, you indicate that you are financially accounting for the item as a capitalized cost, and the system changes the status of the item in all storerooms that contain the item. In addition, the system sets the average, last, and standard costs for the item to zero in all storerooms. When you change the status of an item from capitalized to non-capitalized, the system changes the status of the item to non-capitalized in all storerooms that contain the item.
When you create a new item record, you can flag it as capitalized by selecting the Capitalized? check box. To change the status of an existing item record, you must use the Change Capitalized Status action from the Select Action menu in the Item Master application.
From the Item Master application, display the item record you want to change.
From the Select Action menu, select Change Capitalized Status. The Change Capitalized Status dialog box opens.
If appropriate, in the Capital GL Account field, enter a value or click Select Value to retrieve an account.
In the Memo field, enter a remark about the change.
Click OK. The Change Capitalized Status dialog box closes.
Click Save Item . The system selects the Capitalized? check box on the Item tab, indicating that the system now tracks the item financially as a capitalized cost.
From the Item Master application, display the item record you want to change.
From the Select Action menu, select Change Capitalized Status. The Change Capitalized Status dialog box opens. The Capital GL Account field is read-only.
In the Memo field, enter a remark about the change.
Click OK. The Change Capitalized Status dialog box closes.
Click Save Item . The system clears the Capitalized? field on the Item tab, indicating that the item is no longer tracked financially as a capitalized cost.