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SuiteWorld October 6 - 9, 2025: Agenda Builder is live!
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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!
Depreciation Formula
Hello!
It seems there is no report in NetSuite that will provide depreciation expense by asset. NetSuite doesn't seem to have a depreciation expense field. NetSuite refers you to use the depreciation history log under each asset, so I created a report to pull in the FAM depreciation history for each asset for our FY 2020. However, the total FAM depreciation history for FY 2020 has a multimillion-dollar difference from FY 2020 depreciation expense on the P&L. These totals should tie. It seems depreciation expense is inaccurate in FAM so I need to write a formula to show the correct depreciation expense.
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