Posting Acquisition Costs to Insurance Policies by Using Purchase Invoices

You can post an acquisition cost to a fixed asset and link it to an insurance policy from a purchase invoice.

To Post Acquisition Costs to Insurance Policies by Using Purchase Invoices:

  1. Open the Purchase Invoice window.

  2. Fill in a new purchase invoice. Remember to fill in the Insurance No. field.

    For Help about a specific field, click the field and press F1.

    Note that the FA Posting Type and the Insurance No. fields are not included in the standard layout, but you can insert them with the Show Column function.

  3. Click Posting, Post to post the invoice.

Note

If you have not placed a check mark in the Automatic Insurance Posting field in the FA Setup window, the program will have created a line in an insurance journal. To create an insurance coverage ledger entry, you must post this journal.

Related Topics

Setting Up Posting Types

Setting Up General Default Values for Fixed Assets

Filling In and Posting FA G/L Journals

Posting Acquisition Costs from Purchase Invoices

Insurance Information Setup

Linking Fixed Assets to Insurance Policies

Updating Insurance Information

Monitoring Insurance Coverage