Accounting / ERP

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.
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.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Make Your Voice Heard: What Tech & ERP Topics Should We Explore in our Next Webinar?? We’re all ears! Vote now, and the poll runs until January. Poll for ERP | Poll for Tech.
Uncover the power of data with the Analytics Hub —your ultimate guide to mastering NetSuite Saved Searches and Reports. Simplify the complex and unlock your organization's true potential. Dive into the Analytics Hub now and soar to new heights!
To help you get the most out of your 2025.1 Release Preview account, review the topics outlined in the Release Preview Guide.
NetSuite Release 2025.1 Release Notes are available for download here!

NSC | FAM > Possible Causes why the Asset/s Did Not Depreciate

edited Jan 10, 2024 3:57PM in Accounting / ERP

Here are some of the reasons why Assets did not depreciate.

  1. The Subsidiary set on the Asset Record may be set to Inactive.

To resolve this, set the Subsidiary Record to Active.

Set Up > Company > Subsidiaries

Click Edit on the Subsidiary Record

Remove the tick mark on Subsidiary is Inactive

Click Save

Values on the Asset Record may have been edited but the Reset Asset Values was not triggered

Edit the Asset Record and update all the necessary fields

On the General Tab, set the Depreciation Active field to False

Click on Save

Navigate to Fixed Assets > Setup > System Setup

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 2025)

This Week's Leaders

Loading

More...

This Month's Leaders

Loading

More...

All Time Leaders

Loading

More...