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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.
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Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
Upcoming Changes to the Fixed Assets Management SuiteApp in 2020.2
This notice is intended for customers who are using NetSuite’s Fixed Assets Management (FAM) SuiteApp. The changes described in this notice are targeted for Fixed Assets Management SuiteApp in 2020.2.
| What is Changing? | Recommended Actions |
| The Value Based Final Period Convention is added for Japan to support depreciation beyond the asset life, until the Residual Value equals 1 JPY. The default FAM depreciation methods Japan 200% Declining Balance and Japan 250% Declining Balance will be updated with this new Final Period Convention.For depreciating assets, this update will trigger an Asset Reset upon bundle update to remove old precomputed values. Users can run precompute to update the forecast values. |
Regards,
@Robert Nedelkow-Oracle | NetSuite Support Community Administrator
Expand your NetSuite knowledge by joining this month's Ask A Guru Live: PROCURE TO PAY. RSVP for this event now!
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