Kevin is reminded by his manager that a cleaning robot from the last financial year 2022 was recognized as cleaning costs. This cleaning robot must be added to the asset portfolio.
Kevin tells Lisette, that his manager noticed that a cleaning robot is missing from the asset portfolio. The invoice for the cleaning robot has been posted as costs. I want to correct this. However, the balance sheet has already been created.
Lisette explains to him that the balance sheet is not changed. The fiscal year is closed in Asset Accounting and in the general ledger. Kevin needs to post-capitalize. He can then create a new asset master record for this part of the asset by creating a main number or a sub number in the Manage Fixed Assets app. It is important that the Post-Capitalization field is marked.
However, Kevin can also perform a post-capitalization on an existing asset master record.
Post capitalization is a subsequent correction to the acquisition cost of a fixed asset. An example of when you need this type of correction is if you neglected to add costs linked with the acquisition or assembly of an asset to its acquisition cost in a fiscal year that is now closed.
Note
Post-capitalization always refers to the acquisition or production costs (APC).