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SuiteWorld October 6 - 9, 2025: Agenda Builder is live!
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Read on for the latest updates including:
• Agenda Builder launch
• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
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.
Spots are limited! Register through your Agenda Builder and find SuiteGuru under Agenda Enhancements.
Community Care and Share: Effect of Changing Department Through Asset Transfers
In relation to the discussion: Fixed Asset Record > Updating the Department Field. Here are different scenarios that will explain what happens on the Journal Entry created and Depreciation Amounts previously recorded (if there are any) after the Asset Transfer.
Take note that in each of these scenarios, Post on Department Change is enabled.
Check this box if assets will be transferred on department change, with accompanying Journal Entries. (Fixed Assets > Set up > System Set Up)
Scenario 1:
· Newly Created Asset
· No Depreciation Recorded Yet
Scenario 2:
· Depreciating Asset in Test Department A transferred to Test Department X
· Depreciation has already been recorded for a month in Test Department A
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