Does anyone use Framwork POs for WBS and Asset management.

Question

We have had issues before with trying to use Framework POs for Assets.  I wanted to know, does anyone out there use the Framework PO for the creation of Assets with charges going to WBS elements?  Do you track service charges as well as material charges that are purchsed for Assets?

Answer 1

For PO, WBS, Asset frame work below is the sample
Create WBS which manage AUC
Example you will create a clinic,
Create Project - [Project Clinic]
Create WBS under the Project Clinic - [Clinic Expense]
Create AUC under WBS Clinic Expense - [Clinic under Construction]
Let say you purchase Paint for the clinic - create a PO and use account assignment WBS [Clinic Expense] (e.g. 1000 USD)
Let say you purchase Wood for the clinic - create a PO and use account assignment WBS [Clinic Expense] (e.g. 2000 USD)
During month end you can settle the amount to AUC (tcocde CJ88 - Settlement type - Automatic)
All charges to WBS will go to AUC
Once construction of clinic is finished and is ready to use, you need to settle all the amount from WBS to AUC (through settlement)
Then create Fixed Asset [Clinic Building]
Then settele the AUC [Clinic under Construction] charges to Fixed Asset [Clinic Building] through CJ88 settlement type - Final settlement
Thanks!
Jhero