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.
What should be the Transaction Type of Depreciation History after Asset Transfer?
The Fixed Asset transfer instructions has this notation:
"Important You need to update depreciation history records for asset transfers with a ‘Sale or Disposal’ transaction type and a blank asset disposal type. The transaction type must be set to ‘Transfer’."
I am trying to understand if this "sale or disposal" transaction needs to be done for every asset transfer particularly an asset type transfer?
Also, I don't know what it means for 'The transaction type must be set to ‘Transfer’."?
0