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Community Care and Share: Effect of Changing Department Through Asset Transfers

edited Apr 9, 2026 7:56PM in NetSuite Admin Corner

In relation to the discussion: Fixed Asset Record > Updating the Department Field. Here are different scenarios that will explain what happens on the Journal Entry created and Depreciation Amounts previously recorded (if there are any) after the Asset Transfer.

Take note that in each of these scenarios, Post on Department Change is enabled.

NetSuite

NetSuite Next

Check this box if assets will be transferred on department change, with accompanying Journal Entries.

Navigation:

  • NetSuite: Navigate to Fixed Assets > Setup > System Setup > General tab > Transfer section.
  • NetSuite Next: Click Explore (Ask Oracle icon in the bottom right corner), and in the menu go to
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