Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Keep an eye out for upcoming NetSuite events, including meetups, workshops, and webinars. These sessions are a great way to connect with peers, learn from experts, and stay current on the latest NetSuite updates and best practices. Registration links are provided in each event.
AE:Back Dated Asset Disposals
Hi,
I am doing asset cleanup. Operations staff has not kept accounting informed of fixed asset disposals. Now I am being told about numerous assets (108 from one location alone) that were disposed of in prior periods. What is the easiest way to do this?
The best way I can think of is to dispose of the assets with a date in the current month and then go into the disposal entry and adjust it to remove the depreciation and adjust the accumulated depreciation and loss on disposals. With the quantity of assets I need to do this, does anyone have any ideas on a more efficient way?
0