capitalizations

The Capitalization transaction moves the entity stage from brood or grow to lay. The costs are moved during the period end process. The capitalization task calculates the pre-capitalization costs and records the capitalization amount to an inventory account for future amortization in the production cycle. When a Movement Transfer transaction is posted, this will automatically create a record or capitalization transfer.

Before creating a Capitalization transaction, the following must be created:

• Chick Receiving or a Layer Placement
• Transfer from Brood to Grow or Lay

The following components are outlined related to editing a capitalization:

• Editing a Capitalization Transaction
• Posting a Capitalization Transaction

Edit a Capitalization Transaction

1. In LMTS>LIM>Transactions, select Capitalizations.
2. In the Capitalizations Transactions main index, select the required transaction and click to edit a capitalization transaction. Alternatively, double-click the required transaction.

3. Complex Entity No identifies the entity that is being capitalized.
4. Date Time Cap indicates the date that the entity is capitalized.
5. Default Cap Date s a calculated field based on the POL age, and is set up in the registry.
6. Ref No is an optional field to enter a reference number to identify the transaction
7. Hens Book Inventory indicates the number of hens in inventory on the capitalization date.
8. Hens Cap is used to record the actual hen inventory that is capitalized. If the value is different from hen inventory, an adjustment will be recorded to the entity to recognize the difference between the inventory and capitalized head. This adjustment can be viewed in Entities>Inventory Details.

10. Female Feed Inventory is an optional field to enter the female feed inventory at capitalization date, and cam be entered in lbs or kgs. This value is used to determine the feed cost that is capitalized or expensed. The amount entered in inventory will be expensed.

11. Female Feed Type No displays the number of the feed type for females, if applicable.

12. Female Formula No displays the number of the formula for females, if applicable.

13. Date Placed displays the placement date of the selected entity.

14. Cap Age is a calculated field that indicates the age of the entity in weeks at capitalization.

15. POL Date represents the point of lay date.  Depending on the registry switch, there is an option to manually enter the point of lay date if the switch is set to manual. Otherwise, the point of lay date will be calculated based on age, capitalization date, first hatch egg, or first total egg.

16. Selecting the Void flag will cancel the transaction.

Post a Capitalization Transaction

Once the capitalization transaction has been created and saved, it needs to be posted. The posting process locks the record. The UnPost option unlocks the record and reverses the transaction.

The journal is created in the period end process which moves the costs from BROOD/GROW to CAPHEN/CAPMALE.

1. In the Capitalization Transactions index, select the required transaction and right-click to select 'Post'. Alternatively, click the green check mark in the top menu bar and select 'Post'.
2. To un-post a capitalization transaction, select the required transaction and right-click to select 'Unpost'.  This process will set the transaction status to 'Reversed' status, which allows the transaction to be edited.