Capitalized Repair

Work Instruction

1) A duly approved AT024ROP/CIR Capital Investment Request Form for major repairs will
initiate the creation of a Capitalized Repair Transaction in the Ramco System. The Plant
accountant will then execute the transaction in the Ramco System.
2) The Plant accountant shall:
a. Create a capital journal in the Fixed Assets Module. This is done by clicking Fixed Assets in
the BPC Tab, then Asset Capitalization, and select Create Capital Journal.
b. Select the Transaction date from the Calendar or directly input the date in dd/mm/yyyy
format.

(For capital journals, a debit entry and a credit entry is required. Hence, two entries in the
multiline should exist.)

c. Search for the Asset No. of the involved equipment or directly input the Asset Code in the
Asset No. field and indicate the Tag No. This is for both Credit and Debit entries.
d. Search for the account code 17X000 (Figure X changes according to asset class) for the debit
(DR) entry. Input the corresponding amount and search for the Proposal No. Input amount
should not be greater than the amount stipulated in the Proposal No.
e. Search for the account code 638000 Repairs and Maintenance for the credit (CR) entry.
Input the corresponding amount and search for the Cost center code which is similar to the
asset code. Input amount should not be greater than the amount stipulated in the Proposal
No.
f. Click Compute Total, then Create Capital Journal.
g. Once done, input entries will be saved in the system for approval by the Plant Division
Accounting Head.