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• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
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Don’t miss your chance to meet our SuiteGurus—NetSuite Support professionals and subject matter experts with extensive experience in select product areas, including OneWorld, Advanced & Basic Accounting, Supply Chain Management, Receivables & Payables, CRM, Account Administration, and the SuiteCloud Platform. Full Conference attendees can prebook exclusive 30-minute one-on-one sessions for your product questions.
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How to write-off fixed asset setup as one item, but there are 60 separate items???
Hello!
Purchased 60 chairs 30 years ago and the asset was setup as one item. I tried to use Transactions/Asset/Disposal, but because it only displays as 1, I can't write off 35 chairs. I tried entering a percentage, 35/60 = 58.33%, but I wasn't able to.
I think I could accomplish the same thing by adjusting the Asset Current Cost and the Cumulative Depreciation to the amount they should be? Also would need to do a JE, Fixed Assets/Journal Types/Disposal Entries, to correct in the Trial Balance.
Make sense or is there a better way to accomplish this?
Thank you,
Maurice
Maurice Shallow
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