What setup is needed for the Capitalize flag to auto-check in Capital Assets
Description of Issue
Manually checking the Capitalize flag on Capital Asset records adds time to the process and may lead to assets not being capitalized if the flag is erroneously left unchecked.
Context
Capital Assets
Cause
Need to set up functionality to auto-check the Capitalize flag on Capital Asset records.
Resolution
In Capital Asset Settings (Financials > Capital Assets > Set Up), under the Capital Assets section of the program, there is a field titled Capitalization amount.
This Capitalization amount field can be defined with a threshold which, if exceeded by the value of an asset, will prompt the Capitalize flag on a Capital Asset record to auto-check.
Additional Information
Please reach out to Financials Assets and Civic support for additional information.