Entering equipment records
Note: This functionality is available only if you have the Equipment Module.
To add an equipment record:
- Open 8-3 Equipment.
- In the data control text box, enter the equipment number.
- Enter header information for the new equipment record, including:
- In the Description text box, enter the description of the equipment.
- In the Short Name text box, enter the short name of the equipment.
- From the Status list, select the status for this equipment. (The default status is 1-Available, but you can select 2-Under Repair, 3-Out of Service, or 3-Sold, as needed.)
From the Type list, select the type of equipment.
Tip: If the equipment type is not available in the list, click the detail button beside the Type field, and then add the correct type in the Equipment Types window that appears.
- On the General Information tab:
- In the Serial# text box, enter the equipment’s serial number.
- In the License# text box, enter the license number.
- In the PUC# text box, enter the Public Utility Commission number for the equipment.
- In the Last Location text box, enter the location where the equipment was last used.
- In the Purchased text box, enter the date when you purchased the equipment.
- If you have sold the equipment, enter the date it was sold in the Sold Date box.
- In the Original Hours text box, enter the number of hours of use when you purchased the equipment.
- In the Original Miles text box, enter the number of miles of use when you purchased the equipment.
- In the Total Hours text box, enter the current hours of equipment use.
- In the Total Miles text box, enter the current miles of use.
- On the Financial Information tab:
- Identify the posting accounts:
- In the Interest Expense box, enter the ledger account number for equipment loan interest.
- In the Depreciation Expense box, enter the ledger account number for equipment depreciation.
- In the Department box, enter the department number.
- Specify the details of any loans:
- In the Loan Type list, click the type of loan you have for the equipment.
- In the Lender box, enter the vendor number of the lender.
- In the Loan# box, enter the loan number.
- In the Pay Date box, enter the date that the next payment is due.
- In the Interest Rate box, enter the loan’s interest rate.
- In the Payment Amount box, enter the monthly payment amount for the loan.
In the Monthly Depreciation box, enter the flat amount to depreciate.
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Use the Cost Recovery Worksheet tab of the 8-3 Equipment window to enter the cost of owning and operating the equipment for a resource consumption period, as well as the estimated use for the resource consumption period.
For more information, see Entering costs to determine recovery rates.
- Click > .
Tip: You can store an image of the equipment with an equipment record.