NetAsset - Clear Transactions From Capitalization Queue

Use Case:  Circumstances arise when a user wants to clear a transaction from the capitalization queue. Users have the following three options: 

Option 1 - Recode the transaction(s) to another account other than the CIP or Clearing Account

STEP BY STEP PROCESS

  • Edit the transaction that needs to be cleared from the capitalization queue. Update the account to a different account (most likely an expense account) that is not the CIP or Clearing Account.
  • Click Save
  • The transaction should no longer appear in the capitalization queue  

Option 2 - Check the "NetAsset Ignore for Capitalization" box

Prerequisite: "NetAsset Ignore for Capitalization" field should be added to the transaction form. Please refer to the Adding NetAsset Ignore for Capitalization article for detailed instructions.

STEP BY STEP PROCESS

  • Navigate to the transaction that should be hidden. Find the "NetAsset Ignore for Capitalization" field as set up in the prerequisite and check the box and save.


Option 3 - Create a new asset from the transaction(s) in the capitalization queue and dispose of the asset or mark it as inactive


STEP BY STEP PROCESS

  • Navigate to NetAsset > Create New Assets > Create Assets From Proposals (Clearing)
  • Select the transaction(s) that you want to remove from the capitalization queue and click Mass Create Assets 

  • Once the asset has been created Edit the asset and either
    • Update the Status from Pending to Disposed or 
    • Navigate to System Notes and check the Inactive box 
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