maintenance cost

sathishmadhav

Hi all
heavy duty vehicles, large scale machines under goes repairs and maintenance every now and then. management would like to know how much amount was spend on monthly/annual basic for each of this fixed asset.

i would he to select vehicle/machinery while posting repair expenses through payment journal.

what should be the best method to handle this situation.

please advice.

thanks
satish

es_barrett

A couple of thoughts;

1. Post the original expense using a Purchase Invoice with a Line Type=Fixed Asset and FA Posting Type=Maintenance.
This will create a Maintenance Ledger Entry for the Fixed Asset if the appropriate setup is in place;
a) FA Posting Groups - Maintenance Expense Account selected

2. Create a new Dimension Code for ASSETS and use the Dimension Code to identify which fixed asset an expense is for.