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SuiteWorld 2025 registration is officially OPEN
SuiteWorld is the largest annual gathering of the NetSuite community! It will be held in Las Vegas on October 6-9, 2025. Our customers and partners look forward to SuiteWorld every year as a place to hear the latest from NetSuite, get hands-on learning, and connect with each other. Register now!
SuiteWorld is the largest annual gathering of the NetSuite community! It will be held in Las Vegas on October 6-9, 2025. Our customers and partners look forward to SuiteWorld every year as a place to hear the latest from NetSuite, get hands-on learning, and connect with each other. Register now!
Starting June 1st, 2025, you may notice that our regular e-Fix releases are being referred to as ‘Minor Releases’. It’s still the same release schedule, with a different name. (Link can be found here)
In observance of Memorial Day, will have limited staffing on Monday, May 26. As a result, we will be temporarily closing our Live Chat queue for the day.
We apologize for any inconvenience this may cause and appreciate your understanding.
We apologize for any inconvenience this may cause and appreciate your understanding.
NetSuite Admin Tips: Tracking the Construction in Progress (CIP) in Fixed Asset Management
A manufacturing company may be in need to track Capitalized Interest on each asset during the build of an asset and then once the asset is built and delivered to a customer the company can then accrue interest to the cost of the asset.
NetSuite does not have a process specific to a Construction in Progress as of now. We have created the following Enhancement requests:
- 285015 Support Construction In Progress (CIP) for Fixed Assets Management
- 253818 Fixed Assets > Transactions > Please provide the ability to create Fixed Asset records that passes through Work In Process (WIP) account
However, there is a workaround that involves creating a new Asset Type and performing an Asset Transfer. Here are the steps:
Katerina Winklerova
Basic Accounting/ OTC/PTP Guru
1