Setting up maintenance information
Maintenance expenses are routine periodic costs charged to preserve the value of fixed assets. Unlike capital improvements, maintenance expenses do not increase the value of the assets.
To use the fixed asset maintenance functionality in Microsoft Dynamics, you should set up the following:
Maintenance information on the Fixed Asset card:
Fixed Asset posting groups to allow posting of the maintenance costs to the general ledger:
Maintenance code so that you can select the type of maintenance when you post maintenance costs:
Maintenance registration and costs
Every time a fixed asset is sent for service, you have to record the relevant information, such as the date of service, vendor number, service agent name, and phone number.
When the service is completed and you receive a maintenance invoice, you register the maintenance costs through an FA G/L journal, purchase invoice, or FA journal, depending on whether the associated depreciation book is integrated...
