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Depreciation Formula


It seems there is no report in NetSuite that will provide depreciation expense by asset. NetSuite doesn't seem to have a depreciation expense field. NetSuite refers you to use the depreciation history log under each asset, so I created a report to pull in the FAM depreciation history for each asset for our FY 2020. However, the total FAM depreciation history for FY 2020 has a multimillion-dollar difference from FY 2020 depreciation expense on the P&L. These totals should tie. It seems depreciation expense is inaccurate in FAM so I need to write a formula to show the correct depreciation expense.

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Community Whiz

Quarter 2 (Apr-Jun 2024)

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