/
How to convert a CIP asset

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:

  1. Open the New Assets program
  2. Click Search on the toolbar to find the asset(s) you are looking to convert
  3. Click Accept
  4. Click Convert CIP on the toolbar
  5. Click Update
  6. Click Accept
  7. Select the asset to convert and update the effective date if necessary
  8. Click Accept
  9. If there is workflow in place click Release to enter the transaction into workflow
  10. 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







Related content

How to create a new CIP asset
How to create a new CIP asset
More like this
How to post a new CIP asset
How to post a new CIP asset
More like this
Can status of asset be changed from Active to CIP
Can status of asset be changed from Active to CIP
More like this
Asset status did not change after CIP conversion
Asset status did not change after CIP conversion
More like this
New CIP assets imported in with the faconvrt utility need be activated and converted to become an active asset
New CIP assets imported in with the faconvrt utility need be activated and converted to become an active asset
More like this
How to change the class and sub-class on an Active or Posted CIP asset
How to change the class and sub-class on an Active or Posted CIP asset
More like this