Enhanced interface

Create a CIP asset—Fixed Assets Management

Create a Construction in Progress (CIP) asset to track costs for an asset that’s still being built or assembled. You can create a CIP asset manually, create one automatically from AP supplier invoices or purchasing transactions, or import CIP assets in bulk. CIP assets are created in the Construction in Progress state and can accumulate costs until they’re capitalized.

Create a CIP asset manually

Subscription	Fixed Assets Management
Regional availability	All regions
User type	Business
Permissions	Fixed Assets Management Asset: List, View, Add
Configuration	Construction in Progress (CIP) must be enabled in Fixed Assets Management Configuration.

Follow the steps in Create an asset manually, with these additional steps for a CIP asset:

Select the CIP asset checkbox.
Assign a CIP GL account.

Create a CIP asset from a AP supplier invoice line

Subscription	Fixed Assets Management Accounts Payable
Regional availability	All regions
User type	Business
Permissions	Accounts Payable AP supplier invoices: List, View, Add Fixed Assets Management Asset: List, View, Add
Configuration	The following must be enabled in Fixed Assets Management: Construction in progress (CIP) Create assets from AP supplier invoices

Follow the steps in Create assets from AP supplier invoices, with these additional steps for a CIP asset:

Select an account assigned as a CIP GL account in an asset classification.
For Asset action, select Create CIP asset.

Create a CIP asset from a purchasing transaction line

Subscription	Fixed Assets Management Purchasing Accounts Payable
Regional availability	All regions
User type	Business
Permissions	Purchasing Purchasing transactions: List, View, Add, Edit, Delete Fixed Assets Management Asset: List, View, Add, Edit, Delete
Configuration	The following must be enabled in Fixed Assets Management: Construction in progress (CIP) Create assets from AP supplier invoices Create assets from purchasing transactions

Follow the steps in Create assets from purchasing transactions, with these additional steps for a CIP asset:

Select an account associated with a CIP GL account in an asset classification.
For Asset action, select Create CIP asset.

Import CIP assets in bulk

Subscription	Fixed Assets Management
Regional availability	All regions
User type	Business
Permissions	Company Company setup checklist: Run Fixed Assets Management Asset: List, View, Edit, Add
Configuration	Construction in Progress (CIP) must be enabled in Fixed Assets Management Configuration.

Follow the steps in Create assets in bulk, with these additional steps for a CIP asset:

For CIP asset, enter True.
For State, enter Construction in progress.
Provide a CIP GL account.