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Intelligent Payment Automation, powered by BILL (aka Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.
The SuiteApp is available to organizations based in the U.S. with a valid U.S. address, or to global customers (except Canada, China, and Japan) with U.S. business subsidiaries. It only supports payments to vendors operating in the United States.
For more information, visit this thread.
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Updating Fixed Asset Cost for Depreciating Asset
Hi,
We’re working with the Fixed Assets module in NetSuite ERP and need your guidance.
We have an asset with Asset Status = Depreciating, and in 2025, the Total Asset Cost has increased due to additional capital expenditure added to the asset.
We're trying to update this cost correctly so that:
- The increased cost is reflected either in the Asset Original or Current Cost.
- The updated cost starts affecting depreciation calculations from 2025 and going forward only – not retroactively.
Could you please help clarify:
- What’s the correct way to increase the asset cost for an already depreciating asset?
- How do we ensure depreciation reflects the new cost from the desired fiscal year onward?
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