Reduce CIP Asset cost by Invoice Amount

Problem Summary
—————————————————
Invoice and Amount Wrongly Added to CIP Asset

Solution:

Summary: Reduce CIP Asset cost by Invoice Amount $386

Detailed Steps:

1) Reclassification of given invoices in AP(to create 1 positive and 1 negative line) and then Mass Addition Create
2) Add negative line -$386 to CIP Asset and delete +$386 line through delete mass addition.
4) No Manual Journal entry required as this is CIP asset and does not depreciate.

Thanks Yogesh

 

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