How to: Post Acquisition Costs to Insurance Policies by Using Fixed Asset Journals
If you post to a depreciation book in which you have not enabled general ledger integration for acquisition cost, you must post the acquisition cost from an FA journal.
To post acquisition costs to insurance policies by using FA journals
In the Search box, enter FA Journals, and then choose the related link.
Fill in a journal line. Remember to fill in the Insurance No. field.
Important
This field is available in the Fixed Asset Journal window, but it is not shown by default. For more information, see Customizing Role Center and Pages.
Post the journal lines.
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 General Default Values for Fixed Assets
How to: Fill In and Post Fixed Asset Journals
How to: Post Acquisition Costs from Fixed Asset Journals
Concepts
Insure Fixed Assets
Set Up Fixed Asset Insurance
Updating Insurance Information
Monitoring Insurance Coverage