How to: Post 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
In the Search box, enter Purchase Invoices, and then choose the related link.
Create a new purchase invoice. On the Home tab, in the New group, choose New. Fill in the fields. Remember to fill in the Insurance No. field.
Important
The FA Posting Type field and the Insurance No. field are available in the Purchase Invoice window, but not shown by default. For more information, see Customizing Role Center and Pages.
Post the invoice.
Note
If you have not selected the Automatic Insurance Posting field in the FA Setup window, a line will be created in an insurance journal. To create an insurance coverage ledger entry, you must post this journal.
See Also
Tasks
How to: Set Up Posting Types
How to: Set Up General Default Values for Fixed Assets
How to: Fill In and Post Fixed Asset General Ledger Journals
How to: Post Acquisition Costs from Purchase Invoices
Concepts
Insure Fixed Assets
Set Up Fixed Asset Insurance
Updating Insurance Information
Monitoring Insurance Coverage