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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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Accumulated depreciation with account type deferred expense
Good day,
can some explain the purpose of the accumulated depreciation account with account type deferred expense?
Activating the amortization feature the system-generated accounts 'deferred expense' and 'accumulated depreciation' appear. Both with account type 'deferred expense'.
I understand the meaning of the 'deferred expense' account, how to use this one and postings in NetSuite.
But when and for what to use the 'accumulated depreciation' account?
Hope someone can explain.
Thanks and regards,
Erica
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