How to convert a CIP asset

Description of Issue

How to change status of a Posted CIP asset to Active

Context

Capital Assets

Cause

Informational

Resolution

2018.3 and below:

Open the New Assets program
Click Search on the toolbar to find the asset(s) you are looking to convert
Click Accept
Click Convert CIP on the toolbar
Click Update
Click Accept
Select the asset to convert and update the effective date if necessary
Click Accept
If there is workflow in place click Release to enter the transaction into workflow
If workflow does not exist click Output/Post

2019.1 and above:

In New Assets, pull up the asset, click Transactions, and select Convert CIP Assets.

Additional Information

Knowledge Assistant