Basic Accounting

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New to NetSuite | Account Set up for Fixed Asset Management SuiteApp

The Fixed Asset Management SuiteApp automates the management of transactions involving Fixed Assets; this includes posting of the transactions to the appropriate accounts. These accounts are either predefined or are manually created/set by the user.  

In this article we’ll discuss the following:

  1. Predefined accounts or accounts that are automatically created once the Fixed Asset Management SuiteApp is installed
  2. New Accounts that can be created and used in transactions
  3. Old Accounts that can be edited and used in transactions


  1. Predefined Accounts:

2 . Creating New Accounts:

  • Navigate to Lists > Accounting > Accounts > New
  • Input the necessary fields
  • Make sure to select the

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