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As a Project Manager, I want the ability to track assets (equipment) against project task can be assigned.  This assignment will allow the asset (depreciation cost) to be costed to the project or invoiced to customer so that equipment costs are tracked against the project
STATUS DETAILS
Under Review
Ideas Administrator

Thank you for your feedback. Currently this is not in our roadmap; however, we are tracking it and if we get more feedback and votes, we may consider it in the future.

Sincerely, Annette Bruer, PM, Microsoft

Comments

R

I don't know if this helps you. But we use Subprojects to host various costs related to a fixed asset. So the project manager has to plan upfront how many fixed asset this one project will create. Sort of like doing cost segregation upfront. For example, I'm building a boiler plant. I have 26 sub-projects in that boiler plant. Each of the sub-project will create a fixed asset with different asset life after the project is done. When the invoice comes in, the project manager has to code it to the subproject: boilers, building, or miscellaneous equipment, etc. That way, at the end of the project, I don't have to figure out what cost goes to boilers, what cost goes to building. I just transfer it directly from one sub-project to the fixed asset.

Category: Project management

R

This is important to service companies that have to make large investments in equipment for projects that is used again for other projects.

Category: Project management

R

invoiced to a client is one thing (which makes sense), but I think it might be a bit problematic to post into balance sheet depreciation costs. the accounting in this case needs to be thought through carefully.

Category: Project management