Create an Installed Asset Record (Inventory Asset)

Overview

An Installed Asset Record is used when the selling entity has an additional or follow-up responsibility to a product once it has been delivered (removed from inventory), a good example is an industrial equipment service agreement. An Installed Asset is tracked as a data record (on the Salesforce standard Asset object) and is created when the product is allocated on a sales order. The Installed Asset Record can be customized to contain any pertinent information and it contains several defined fields including serial number, date of sale, etc. 

Note: Ensure that the Asset Related List is added to the Sales Order Line page layout.

Altering a Product Record to Create an Inventory Asset Record Upon Allocation

1. Navigate to Accounting Home and click the Setup tab. Then, under the Master menu, click Products.
2. Select a list view (other than the Recently Viewed list view).
3. Click on the product to be identified as an Installed Asset to view its details and click Edit.
4. Scroll to the Product Costing section and click the checkbox associated with Inventory Asset and click Save.
   
   

Access the Installed Asset Record from the Sales Order Inventory Movement 

1. Click the product Sales Order Line.
   
   
   
   
2. Click the Related tab and then click the Sales Order Inventory Movement record.
   
   
   
   
3. The Related tab includes the Assets Related List.
   
   
   
   
4. Click on the Asset Name to open the Asset screen.
   
   
5. Click Edit (at the top right corner of the screen) to change or add information.

Access the Installed Asset Record from the Product Record

1. On the Product screen, scroll to the Assets Related List.