Introduction
In Microsoft Dynamics 365 Business Central, you can attach any asset to an insurance policy. Attaching fixed assets to insurance policies gives you a simple way to find the relevant insurance policy information for an asset and to check the coverage.
After you complete the setup of the insurance information, you can link fixed assets to the insurance policies.
You can link one or more assets to a single insurance policy. Additionally, you can link one asset to the same insurance policy with different amounts.
A fixed asset can be attached to the insurance policy in two ways:
Post an acquisition cost, with the Insurance No. field filled in, on the FA journal or FA G/L journal line or on the purchase invoice.
Post an acquisition cost without filling in the Insurance No. field on the journal line, and then use the insurance journal to post the acquisition cost to the insurance coverage ledger.
You can post acquisition cost to the insurance coverage ledger from any of the following entities:
Purchase invoice
FA G/L journal
FA journal
Insurance journal
When the Insurance No. field has a value, the Insured field on the Maintenance FastTab in the Fixed Asset Card window will be set to Yes automatically.
After you sell a fixed asset, the program automatically sets the Insured field on the fixed asset card to No.
Watch the following video for a quick demonstration of how to link an insurance policy when you are entering a purchase document in Business Central.