Turn on CIP functionality—Fixed Assets Management

Construction in Progress (CIP) lets you track costs for assets that are still being built or assembled before they’re placed in service. When CIP is enabled, you can create CIP assets, record and monitor in‑progress costs, and later capitalize those costs to a fixed asset when the asset is ready.

Enable CIP to make CIP‑specific fields and actions available across Fixed Assets Management, so you can manage the full CIP asset lifecycle. After you assign CIP GL accounts or create CIP assets, you cannot turn this setting off.

Before you begin

• Turn on the AP integration to create CIP assets and add costs from AP supplier invoices.

• Optionally, turn on the Purchasing integration if you create or add costs to CIP assets from purchasing transactions.

Turn on CIP functionality

1. Go to Fixed Assets Management > Setup > Configuration.
2. Select Edit.
3. In the General settings section, select Enable CIP.
4. Select Save.