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SuiteWorld October 6 - 9, 2025: Agenda Builder is live!
Read on for the latest updates including:
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Check out this thread to learn more!
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!
How to Record journal entries directly at the asset level in NetSuite's FAM subledgers?
I'm working with a client, on Purchase Price Allocation (PPA), where we typically reverse out the allowance on AR and the accumulated depreciation on property to reflect the net value on the opening balance sheet. How do you execute this process in NetSuite so that each asset's new starting value becomes the current net book value, with accumulated depreciation and allowance accounts showing zero and the new cost updated. Has anyone figured out a way to manually track this, or are you recording these journal entries directly at the asset level in NetSuite's subledgers?
#FAM #FixedAsset #PurchasePriceAllocation #PPA
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