Académique Documents
Professionnel Documents
Culture Documents
Title
Background
The rotating asset functionality within MAXIMO can be complex to understand on a functional level. When properly implemented, this solution gives the user a robust and powerful platform from which to manage their equipment assets while maintaining inventory costs and methodologies for their management. When implementing rotating assets, one area that is important to understand is the accounting side. This document is not designed to educate the user how to create and use rotating assets, as this is explained indepth in other MAXIMO documents and training materials. This document is designed to illustrate and explain the accounting operation of Rotating Asset by giving scenario examples and demonstrating what GL transactions are written and their expected outcome. The scenarios below deal with the inventory functionality of Rotating Asset. It is important to note that Rotating Asset are considered both equipment assets and Inventory items. For this reason it is important for the user to not confuse an equipment assets value from its inventory value. This document is best utilized by someone who possesses a base-knowledge of using MAXIMO rotating asset.
Accounting Scenarios
Purchase Rotating Item for receipt into storeroom (non-Direct Issue) Purchase Order
Debit GL Storeroom Control Account Credit GL RBNI Account
Receipt
Write MATRECTRANS record Material Receipt Transaction Credits the RBNI Account Debits the Storeroom Control Account
Write EQTRANS record Asset Move Transaction Records asset move into storeroom.
Page 1 of 4
Saved: 5/8/2012
10:09:00 AM
IBM
Charge To Store Flag = N Use this flag to charge the cost of the work order to a GL account other then the rotating suspense account. Work Order GL Account = Location, GL, etc
Page 2 of 4
Saved: 5/8/2012
10:09:00 AM
IBM
Write MATRECTRANS record Material Receipt Transaction Credits the Global Rotating Suspense Account Debits the Storeroom Control Account
Page 3 of 4
Saved: 5/8/2012
10:09:00 AM
IBM
Page 4 of 4
Saved: 5/8/2012
10:09:00 AM