NetAsset - CIP Roll Forward Report
Purpose
The CIP Roll Forward report a Netgain scripted transaction report that provides a summary of all Construction In Progress account activity. Expand to drill down to underlying transaction detail.
Filter for the the desired activity range, which is typically a full reporting period.
How To
Navigation:
NetAsset > Reports (All or GL & Recon) > CIP Roll Forward Report > Run
Filtering:
The report search can be narrowed down by adjusting the filters for subsidiary, currency, consolidated exchange rate, report level, department, class, location, accounting period, or date. Once desired filters are set, click preview to view the report.
Results
Upon running the report the user will see the the following activity information:
- Beginning Balance - Any transaction impacting the CIP Clearing Accounts prior to the reporting period (found in the filtering section).
- Proposals - Transactions impacting the CIP Clearing Accounts during the reporting period, typically from a bill or journal (debit to CIP Clearing Account).
- Additions - The gross amount of NetAsset Capitalization & NetAsset Build Up Entries (credit to the CIP Clearing Account).
- Ending Balance - Beginning balances add Proposals less Additions from the reporting period.
The fixed assets can be expanded to drill down to the individual asset. Select the export button to download the report into Excel.
Troubleshooting
1. If desired assets do not appear in the report, check the selected filters to ensure assets are not being restricted from view.