Insurance and its journal

Question

Dear All,
We have to made insurance and financial transactions. I am confusing to find what the best solution for it. Seems SAP B1 can't handle. We really consider the implementation from the economical point of view.
TIA.
B'rgd,
Mark

Answer 1

Let me guess. Do you mean the insurance of fixed asset ? if yes, I suggest you to create an insurance card. you design the cards fields according to your requirement.
The definition could be:
"The Insurance table is used to manage insurance policies related to fixed assets.  When fixed assets are purchased and sold, insurance policies need to be updated so that they cover the current value of fixed assets that need to be insured. By using the insurance table to manage insurance policies, you can avoid excess costs associated with being overinsured and excess risks resulting from being underinsured. Each fixed asset can be linked to one or more insurance policies. This makes it easy to ensure that the amount of coverage in an insurance policy corresponds to the value of fixed assets covered by the policy. The insurance table contains a card for each insurance policy, on which you enter basic information, such as description, policy coverage, annual premium and policy number. Each insurance policy must also have an identifying number. When you enter the number in Insurance No. fields elsewhere in the program, in an insurance journal, for example, the program will automatically use information from the particular insurance policy.
The program can display the insurance policy in two different windows:
The Insurance Card window has a card for each insurance policy, containing all the fields you have selected. You can therefore see many fields for each insurance policy.
The Insurance List window displays all the insurance policies, with a line for each - therefore fewer fields are displayed for each insurance policy. "
The insurance policies such as annual premiums, policy coverage, and the amount that is over or underinsured, based on the value of fixed assets requiring insurance at the current date.
The insurance journal are used to post the transaction of insurance in the SAP B1. using the numbering series, you can differentiate the insurance journal with standard journal. The credit and debit based on your insurance account.
Rgds,