Concept: Project Assets
A project asset is a container that you use to capture separate transactions from your capital
projects in progress. Once you capture all applicable transactions in a project asset,
you capitalize it to convert it to 1 or more business assets. You can configure Workday
to automatically assign capital project transactions to project assets, reducing manual
work.
When you capitalize project assets, you set a quantity to determine the number of business
assets Workday creates upon capitalization. Workday equally divides the cost of the
transactions between the resulting business assets and tags them with the assigned
capital project transactions.
You can recapitalize project assets to create acquisition or post-acquisition cost adjustments
to the business assets Workday created upon the initial capitalization. Workday divides
the new cost equally between the business assets linked to the adjusted project
asset.
Before you capitalize a project asset, consider:
- Workday doesn't support asset pooling for business assets tagged with capital project transactions. You can't pool the assets that you create when you capitalize a project asset to create multiple business assets.
- You can include business assets tagged with capital project transactions in composite assets, but those business assets are no longer available for further capitalization.