Financial Management › Costs and Payments › Define the Cost for an Asset

Define the Cost for an Asset

A cost is an expenditure that relates to or adds to the value of an asset. CA APM lets you define the cost for an asset. For example, you can add the cost of an additional hard drive to the value of a computer. You can add multiple cost records for an asset, and you can also add the cost information to multiple assets and update multiple payment records. Defining asset costs helps you track and manage the financial information related to a specific asset.

To define the cost for an asset

1. Click Asset.
2. Search to find the list of available assets.
3. Click the asset you want to update.
4. On the left, click Costs.
5. Click New and enter the cost information for the asset.

   The following fields require explanation:

   Total Amount

   Displays the total cost for the total quantity of the selected asset. This amount is calculated automatically by multiplying the Unit Amount on the Costs page by the Quantity on the Asset Details page.

   Recurring Period

   Specifies the number of Recurring Period Units (days, months, or years) after which the cost recurs. For example, if you enter 1 for the Recurring Period and select Month for the Recurring Period Units, the cost recurs every month.

   Note: The value you specify for Recurring Period affects other fields on the Costs page. For example, if you specify a value other than zero, you must select a Termination Date.

6. Click Save.

   The cost information is saved.