Managing license costs

In the Costs tab, you can add costs directly and view cost records already associated with the license. You can also create a charge-back transaction for the currently displayed license. The transaction can be a cost adjustment, a no-cost transaction, an internal license usage or access charge, a receipted software charge, or a license transfer charge. If recurring charges are applied to the current license on a regular basis (for example, monthly), this task helps you generate the appropriate transactions more efficiently.

• You cannot issue a charge-back transaction to a user; the transaction is posted to a GL debit account, Asset or Location.
• License cost data may be directly sent to a financial tool to do book entries. This data can also be viewed via Maximo IT reporting at prescribed intervals (e.g. monthly, quarterly).