Financial and Analytics – Page 2

Financial Processes in Inventory (1 of 8)

Contents Financial transaction records have attributes for both the debit and credit GL accounts, the fields GLDEBITACCT and GLCREDITACCT. In the Inventory module the main financial transactions occur as part of inventory adjustments (INVTRANS), issues and returns (MATUSETRANS), and transfers between storerooms (MATRECTRANS), but there are other events that write to these tables, for example…
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Financial Processes on Work Orders (3 of 3)

Contents This is the third and last in a series of pages that examines the financial processes for work orders and would be applicable to Work Order Tracking and Quick Reporting applications. This page focuses on Work Order Actual Tools, specifically the transactions that create TOOLTRANS records. This series has included: Each page demonstrates, using…
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Financial Processes on Work Orders (2 of 3)

Contents This is the second in a series of pages that examines the financial processes for work orders and would be applicable to Work Order Tracking and Quick Reporting applications. This page focuses on Work Order Actual Materials, specifically the transactions that create MATUSETRANS records. Direct issue Work Order Actual Material (MATRECTRANS) and Services (SERVRECTRANS)…
Read more: Financial Processes on Work Orders (2 of 3)
Financial Processes on Work Orders (1 of 3)

Contents Financial transaction records have attributes for both the debit and credit GL accounts, the fields GLDEBITACCT and GLCREDITACCT. In Work Order Tracking application, the financial transactions occur on the Actuals tab, under the Labor, Materials, Service and Tool sub tabs. The table names happen to be LABTRANS, MATUSETRANS, SERVRECTRANS and TOOLTRANS respectively. This is…
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Financial Periods

Maximo supports the set up of financial periods and their assignment to financial transactions throughout Maximo. Chart of Accounts – Financial Periods Financial Periods are defined at the organization level in Maximo using the action Financial Periods in the Chart of Accounts application. Financial periods must be contiguous, the From date of a new row…
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General Ledger (GL) Configuration

Maximo supports the referencing of General Ledger (GL) codes throughout Maximo in order to be able to provide integration with a finance system. This document will focus on the GL configuration aspects of Maximo. Database Configuration – GL Account Configuration The Database Configuration application has an action – GL Account Configuration where you define the…
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Budget Monitoring (3 of 3) – Project Costing – a worked example

Contents The following pages will show you how to create a new focal point which can be used for CAPEX budgets based on the Cost Management application’s records. Creating the Focal Point and Rule Associations The Cost Management application is used for managing project costs, particularly where there is a project ledger in a finance…
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Budget Monitoring (2 of 3) – Understanding Focal Points and Rules

Contents Entity Diagram for Budget Monitoring We’ll start the second page by understanding the data structures for Budget Monitoring. The first four objects/tables are what you see in the Budget Monitoring application: The next four objects/tables are probably only going to be reviewed by the Maximo Administrator who is setting up your system for you.…
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Budget Monitoring (1 of 3) – An overview

Contents The Budget Monitoring application was introduced in May 2017 as part of the Maximo 7.6.0.8 feature pack. It will be found in the Financial module. It allows budgets to be created based on one of several different focal points, for example location, asset, chart of account or a GL component and then budget lines…
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Asset Depreciation (4 of 4) – Swap/Split Depreciation Schedules

The final of four blogs on Maximo’s asset depreciation functionality – hope you fond it useful.
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