Preventive Maintenance

Maintenance
Maintenance refers to the necessary care and management of equipment and operations, involving the regular checking, servicing, and repairing of machinery to forestall total breakdowns and ensure the consistent performance of a system.
Preventive Maintenance
Preventive maintenance involves regular and routine check-ups on equipment and property to ensure they are in good working condition, thereby minimizing the need for costly repairs or replacements. This practice helps extend the lifespan of systems and machinery.
Upkeep
Upkeep refers to the necessary care and management of equipment and operations. This involves maintaining mechanical equipment and organizational systems to prevent deterioration and ensure smooth functioning.

Accounting Terms Lexicon

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