1. Using Maintenance
  2. How You Connect Your Installed Base Assets to Fixed Assets

How You Connect Your Installed Base Assets to Fixed Assets

Integrate installed base assets and fixed assets. Sometimes, the maintenance cost incurred on the installed base asset increases the asset value and needs to be appropriately updated in the asset book. To initiate the cost transfer from maintenance to financial application, the fixed asset context is needed for adding the value. Hence, it's imperative to have an association between the installed base asset and fixed assets.

Define a relationship between an installed base asset and one or more fixed assets. Each relationship has a valid date range. If a relationship is end dated, the same fixed asset can be added again without overlapping dates with the previous associations.

You can also use a REST service to establish and maintain the relationship between an installed base asset and the corresponding fixed asset.

Sync Location Changes Between Fixed and Installed Base Assets

Synchronize location changes between installed base and fixed assets so you have up-to-date and accurate operational and financial information about your assets.

You can sync the location of an installed base asset with the associated fixed asset only if the installed base asset is serial-controlled and the fixed asset unit quantity is one.

To allow data sync between the installed base and fixed assets, enable the opt in feature, Synchronize Change Between Installed Base and Fixed Asset for Asset Termination.

How You Sync the Changes

  1. Open an installed base asset you want to change the location for. Ensure that it has only one fixed asset.
  2. Update the location of the installed base asset. For now, sync is supported for only these:
    • Location Type = Internal Address
    • Location Type = Inventory
    • Transfer Orders
    • Subinventory Transfers
  3. Go to the Fixed Assets tab, open a fixed asset, and ensure that the Eligible to Sync checkbox is selected. The status of the fixed asset shows Pending.
  4. Run the Synchronize Location program from the installed base asset. This starts the Connect and Synchronize Fixed Assets to Operational Assets scheduled process.

    After the process completes successfully, the location changes are synced to the corresponding fixed asset.