How does the platform track capital projects from approval through depreciation?
Capex projects start with an approval and end with an invoice. Whether the project finished on budget, whether the asset is on the books, and whether depreciation is correct are three separate questions answered by three different people.
Detail
Every capex project carries an approved budget, a vendor, a schedule, and an asset ledger. Invoices apply to the project; budget burndown is visible in real time. On completion, the asset capitalizes automatically with the correct useful life and depreciation schedule. Disposals and impairments flow through the same workflow.
Capex overruns surface weeks earlier, fixed-asset registers reconcile to the ledger without quarterly cleanup, and audit prep on PP&E drops from days to hours.
Key points
- Sage Fixed Assets
- NetSuite Fixed Assets
https://seniorcre.com/workflows/financial/capex-and-asset-tracking