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NSC | Insurance claim on Disposal/Write off assets

edited Jun 2, 2025 2:27PM in Accounting / ERP 3 comments

Customized solution for Insurance claim

1. Create the “Asset Disposal”  

  • Fixed Assets > Transactions > Asset Disposal
  • Select Disposal type is Write-off
  • Enter Disposal Date
  • Select Asset Name in the footer
  • Click on Dispose button on top


2. Update Insurance claim details on Asset Record

  • Fixed Assets > Asset List > Asset
  • Edit the Asset record
  • Click on the Insurance subtab 
  • Make sure Insurance items and A/R accounts are auto-populated.
  • Enable Insurance Claim Check Box
  • Select Insurance Company – Any Insurance customer 
  • Enter Insurance Eligible Amount
  • Save

Notes: 

1. Asset status should be Disposal

2. Use the Insurance Invoice link to see the Invoice for the Insurance claim.

Tiru Chembeti

SME & Sr. Functional Architect


Kindly click "Yes" on "Did this answer the question?" if you find the reply on your thread helpful. This will aid the others with the same question to easily find the correct answer. Thank you!

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