IBM Maximo Asset Management, Version 7.6

Change status from capitalized to non-capitalized

To change the capitalized status to non-capitalized, select Change Capitalized Status from the Select Action menu in Item Master application.

You can enter a memo in the Memo field, but the Current Capitalized Status field is read-only in the Change Capitalized Status window.

The status is changed to non-capitalized for all storerooms containing the item. The average, last, and standard costs remain at zero for all storerooms. You establish these default account codes in the Storeroom application.

The system date and time is used to determine the financial period for the transaction.

Primary transaction

When you select Change Capitalized Status on the Change Capitalized Status window, TRANSTYPE = CAPCSTADJ is written to the INVTRANS table for each storeroom containing the item. The line cost of the transaction from Y to N is always zero.

To set the issue cost of an item to a non-zero value, select an action from the Select Action menu in the Inventory application.

If you issue items at average cost, select Inventory > Inventory Adjustments > Average Cost.

If you do not want the cost of an item to be zero in any storeroom, select Inventory > Inventory Adjustments > Standard Cost.

Displayed fields

GL Credit Account (GLDEBITACCT) Defaults to Inventory Control Account field on the Inventory-Related Accounts window in the Chart of Accounts application.

GL Credit Account (GLCREDITACCT) Defaults to read-only Capital GL Account field on the Change Capitalized Status window in the Item Master application Defaults to GL Control Account field (not displayed) in the Inventory application Defaults to manual entry on displayed field; or

Defaults to account code manually entered on Change Capitalized Status window in the Item Master application if there was a previous transaction from non-capitalized to capitalized. (In that earlier transaction from non-capitalized to capitalized, the code you entered in the Capital GL Account field is written to the GL Control Account field on the item or location record.)

Database fields

INVTRANS.GLDEBITACCT Defaults to LOCATIONS.CONTROLACC.

INVTRANS.GLCREDITACCT Defaults to INVCOST.CONTROLACC (or INVLIFOFIFOCOST.CONTROLACC) Defaults to manual entry (no default)

Example

A capitalized pump is currently stocked both in the central storeroom and in the garage storeroom. Since the pump is capitalized, the last, standard, and average costs equal zero in both storerooms. You change the status from capitalized to non-capitalized for that pump.

Since two storerooms contain the pump, two transactions are shown in INVTRANS:
Table 1. Source of GL account for capitalized item
Source of GL account Debit Credit Source of GL account
Inventory control account of central $0.00 $0.00 Capital GL account
Inventory control account of garage $0.00 $0.00 Capital GL account

Secondary transaction

When the item becomes non-capitalized, the control, shrinkage, and inventory cost adjustment account codes default according to storeroom location. In the database, this event occurs in the INVCOST table. You establish these default account codes in the Storerooms application.

Parent topic: Financial processes in the Item Master application

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