Maximo Secrets

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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Asset Depreciation (3 of 4) – Manage Depreciation Schedules

Contents The third and fourth page looking at the features of asset depreciation in Maximo are both detailed and focused on the actions in the Assets application. This third topic takes a deep dive into the Manage Depreciation Schedules action. The fourth page will focus on the Swap Depreciation Schedule and Split Depreciation Schedule actions…
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Asset Depreciation (2 of 4) – Setting up

The second of four blogs reviewing Asset Depreciation in Maximo. This one focuses on setting up Asset Depreciation in the Asset Templates and Item Master applications.
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Asset Depreciation (1 of 4) – An Introduction and Summary

The first of four posts reviewing Asset Depreciation in Maximo.
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The 12 Steps to Asset Management Maturity

Learn how to become better at asset management from a Maximo perspective.
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“To tool, or not to tool? That is the question.”

A tool is something used to service an asset, it is not a spare part or materials, they are items. A Tool is a type of item. It has two supporting applications Tools and Stocked Tools which look similar to Item Master and Inventory applications which are used with the Item type. Tools and Items…
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12 Steps to Planning and Scheduling Maturity

Learn how to become better at planning and scheduling from a Maximo perspective.
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Terms and Conditions in Maximo

The Terms and Conditions application will be found in both the Purchasing and Contracts modules. It is used to create a library of terms that are used in purchasing documents; Purchase Requisitions, Purchase Orders, Requests for Quotations, Contracts and Invoices. Terms and Conditions are also used if you have Maximo for Service Providers installed, in…
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Maximo for Service Providers – A snapshot of the last 5 years

It is almost 5 years since Maximo for Service Providers 7.6 was released and there have been a further eight feature packs or fix packs since. This page gives a snapshot of the changes that have been made. Maximo for Service Providers 7.6 (12-Dec-2014) Multi-tenancy support Warning when a bill batch is created for an…
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