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New to NetSuite | Understanding the Preferences related to Fixed Asset Permissions and Creation

edited Sep 8, 2023 1:54PM in Basic Accounting 1 comment

In this article, we’ll discuss the different General preferences related to Permissions available in the Fixed Asset Management bundle and the effects of enabling them.

How to access the FAM General Preferences:

Navigate to  Fixed Assets > Setup > System Setup

The General Preferences Related to Accounting Period

1.      Enabling the Post to Next Open Period if AP/AR is locked

When the Accounting Period is locked and a FAM transaction was processed, it will be posted on the last day of the next open period.

2.      Disabling the Post to Next Open Period if AP/AR is locked

When the Accounting Period

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