Adding repair information

You can add asset repair information to existing assets in Asset Management. Asset repair information added in this procedure is used exclusively for reporting purposes; it does not affect depreciation calculations. Use this procedure to add asset repair information.

Note: If you want repair costs to be depreciated, then adjust the asset as described elsewhere in this user guide.

See Adjusting assets.

  1. Access Additions and Adjustments (AM20.2).
  2. Click Repairs to open Repairs (AM20.6).
  3. Define the date the asset was repaired, repair description, currency of repair transaction, cost of the asset repair, or cost of the taxable asset repair amount.
  4. Define repair invoice and activity data on the Invoice, Activity tab.
    Note: On this tab, you can define more detailed repair information such as purchase order information for the leased asset, the vendor name and invoice number associated with the leased asset, and the activity and account category the leased asset is associated with.

Related reports and inquiries

See Reports.

To Use
Generate a report of asset maintenance and repairs Repair Report (AM224)