Capitalization of Assets and Liabilities

General Ledger > General Ledger Batch Processes > scrubberJob > Transaction Generation

Capitalization of Assets and Liabilities

If the capitalization process is turned on, the scrubberJob generates entries and offsets to properly record the capitalization of assets and liabilities. Capitalization entries are created for transactions affecting the actuals (AC) Balance Type using an object code with an asset-related object sub-type.

Capitalization entries book an asset to a plant fund chart, account and object code.

• The plant fund chart and account is determined based on the organization associated with the account used on the original transaction that posted to the General Ledger. Campus and Organization Plant Fund chart and accounts are attributes of the Organization.

• The plant fund object code is determined by the object sub-type of the object code used on the original transaction.

• The capitalization transaction description will include Generated Capitalization or Generated Liability.