Maximo Open Forum

Maximo Chart of Accounts and why you should be using it now

  • 1.  Maximo Chart of Accounts and why you should be using it now

    Posted 07-31-2020 16:42
    Edited by Christopher Winston 08-01-2020 00:57
      |   view attached
    Business needs to make decisions for maintenance, repair and operations (MRO) using data. Your individual organization has a chart of accounts already in place, but the MRO activities tend to be aggregated into a small number of accounts.

    Maximo enables you to be more specific on what charges go where, and each transaction has a place for the financial period as well as the accounts, for reporting and analysis. This includes all transactions reported for Labor, Items / Materials, Services and more.

    For those who have been capturing these transactions for years, your efforts have been rewarded. In summer of 2017, Maximo was released and that included the Budget Monitoring application, and a corresponding cron task to update monitored budgets to keep you relatively current.

    Here is a short video (20 minutes) to highlight a few key steps, and the links referenced in the video are in the attachment for easy download. 


    Christopher Winston
    Projetech, Inc.