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Former Member

Insurance Cost capture

Dear All,

We want to activate Insurance expenditure with assets.I was trying to do it with Plant Maintainance.My thinking was that we have already made equipment in IE01 with their Asset code also maintained in that.The logical thinking is to create activity in Work centre of Insurance and in PM order we fill it with actual expendiures.But i am not clear with actual process what it should be?

If i try to do this thing then what should be unit of this activity,should it be in terms of Rs or what.

I shall be thankful to provide me standard way of doing this.



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2 Answers

  • Best Answer
    Oct 28, 2015 at 10:43 AM


    In asset accounting there is node for insurance activate the same (screen shot ),then through sort version make any type of report with equipment.

    ins.png (167.8 kB)
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    • Hi,

      If preventive maintenance is active ,then pick the task list for the equipment.and If preventive maintenance is not active,then follow the steps

      1.Create task for the equipement in IA01/IA05 with control key PM03(external service)refer screenshot

      2.create maintenance :Create activity type in in kl01and assign price in kp26(secondery cost element),and create service number in ac01

      3.create maintenanace plan in ip41and schedule it in ip10.

      4.Check the same mantenance plan in ip24 and click on order where you can see actual cost through serive number posting and plan cost through activity type

      pm.png (189.8 kB)
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    Former Member
    Oct 28, 2015 at 09:51 AM

    Hi Rajeev,

    For capturing Insurance data onto Equipment, please use Characteristics for Insurance  Data at Equipment class 0002.

    Now for Insurance Claim, you can use warranty claim process.

    Alternatively, talk to you Finance team to see what they recommend.



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