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Depreciation Journal created in Netsuite from cut off Opening Balance

edited Jun 13, 2025 7:59PM in Ask A Guru 3 comments

Hi All,

I wanna ask about Depreciation Journal Fixed Asset.

Here is the simulation:

Item A

Purchase Date: 2 Jan 2024

Asset Purchase Cost: USD 10,000

Life oh Years: 4 years (48 months)

Depreciation per month: USD 10,000/48 = USD 208.33

Cut off opening balance: 1 Mar 2025

If we run the depreciation, the journal entries will be created start from 2 Jan 2024.

Is it possible the journal of depreciation created start from 1 Mar 2025 ?

Thanks

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