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Intelligent Payment Automation, powered by BILL (formerly Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.
The SuiteApp is available to organizations based in the U.S. with a valid U.S. address, or to global customers (except Canada, China, and Japan) with U.S. business subsidiaries. It only supports payments to vendors operating in the United States.
For more information, visit this thread.
How to set Cumulative Depreciation on fixed asset to zero?
I need assistance on how to set the Cumulative Depreciation on a Fixed asset.
The company was acquired and have current depreciating fixed assets. I am trying to set the existing fixed asset to have a cumulative depreciation of zero.
Scenario 1:
Laptop, Straightline method, Mid-Month Depreciation, depreciation period is 36 months, depreciation of 30 months has occurred.
Original cost is $7702.88
Cumulative depreciation is $6847.04
Net Book Value is $855.84.
Scenario 2: Can NetSuite set the asset, Cumulative Depreciation to Zero when asset is fully depreciated?
Laptop, Straightline method, Mid-Month Depreciation, depreciation period is 36 months, asset has fully depreciated of 36 months has occurred.
Original cost is $7702.88