Link an insurance policy in a fixed assets journal

  • 3 minutes

When you post acquisition cost for a fixed asset through an FA journal or FA G/L journal, you will link the fixed asset to an insurance policy by selecting the required insurance policy in the Insurance No. field on the journal line.

Screenshot of the Fixed asset journals page.

You can use the Personalize function to add the Insurance No. field to the fixed asset journal lines.

After you assign a fixed asset to an insurance policy, the Insured check box is selected on the fixed asset card. If you sell the fixed asset, the check box is automatically cleared.