How to: Attach Fixed Assets to Multiple Insurance Policies

You can attach a fixed asset to different insurance policies. You must attach the fixed asset to an insurance policy when you post acquisition costs from a purchase invoice, FA general ledger, or FA journal. You must then fill in the Insurance No. field, and then attach other fixed assets to other insurance policies by posting insurance journals.

To attach fixed assets to multiple insurance policies

1. In the Search box, enter Purchase Invoices, and then choose the related link.

2. Create a new purchase invoice. On the Home tab, in the New group, choose New. Fill in the fields.

   Important

   The FA Posting Type field and the Maintenance Code field are available in the Purchase Invoice window, but not shown by default. For more information, see Customizing Role Center and Pages.

3. Post the invoice.

   If you have not selected the Automatic Insurance Posting field in the Fixed Asset Setup window, a line will be created in an insurance journal. To create an insurance coverage ledger entry, you must post this journal.

   To attach the fixed asset to an additional insurance policy, you must post the entry from the insurance journal.

4. In the Search box, enter Insurance Journals, and then choose the related link.

5. In then Insurance Journals window, fill in a line.

6. Post the insurance journal line.

See Also

Tasks

How to: Set Up Posting Types
How to: Set Up General Default Values for Fixed Assets

Concepts

Insure Fixed Assets
Set Up Fixed Asset Insurance
Updating Insurance Information
Monitoring Insurance Coverage