Linking Fixed Assets to Insurance Policies

After you have set up the insurance information, you are ready to link fixed assets to insurance policies. You can link one or more fixed assets to a single insurance policy, and you can also link one fixed asset to the same insurance policy with various amounts.

You can assign a fixed asset to an insurance policy in two ways:

After you have posted an entry with a number in the Insurance No. field, the program will automatically place a check mark in the Insured field on the Maintenance tab of the fixed asset card.

The acquisition cost can be posted to the insurance coverage ledger from:

When you sell a fixed asset, the program will automatically remove the check mark in the Insured field on the fixed asset card.

Related Topics

Insurance Information Setup

Posting Acquisition Costs to Insurance Policies by Using Purchase Invoices

Posting Acqusition Costs to Insurance Policies by Using FA Journals

Posting Acqusition Costs from Insurance Journals

Attaching Fixed Assets to Multiple Insurance Policies

Viewing Insurance Coverage Ledger Entries

Viewing Statistics for Insurance Policies

Terminating Fixed Asset Coverage

Updating Insurance Information

Monitoring Insurance Coverage