Discussions

Check out Oracle NetSuite upcoming events and conferences here
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Don't miss out on our Weekly Quiz! You only have until April 11, 2PM EST to comment your answers and earn rewards! Click here for more details.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Community Poll: What sort of content would you like to see more of?

AE:Back Dated Asset Disposals

edited Jan 17, 2022 2:06PM in Ask A Guru 5 comments

Hi,

I am doing asset cleanup. Operations staff has not kept accounting informed of fixed asset disposals. Now I am being told about numerous assets (108 from one location alone) that were disposed of in prior periods. What is the easiest way to do this?

The best way I can think of is to dispose of the assets with a date in the current month and then go into the disposal entry and adjust it to remove the depreciation and adjust the accumulated depreciation and loss on disposals. With the quantity of assets I need to do this, does anyone have any ideas on a more efficient way?

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 1 (Jan-Mar 2024)

This Week's Leaders

This Month's Leaders

All Time Leaders