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NetSuite launches new wholesale distributions solution in Japan in January 2026!
NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
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NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
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NetSuite 2026.1 Release Notes - This document summarizes the changes to NetSuite between 2026.1 and the previous release.
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Have questions or experiences to share? Post your Release 2026.1 questions and join discussions in the Release 2026.1 category.
Fixed Asset Management Custom Depreciation
Hi There
I am trying to calculate a diminishing value formula for depreciation.
Normally, the formula is
PB*(0.2/12)
where PB=Prior Year Book Value and the depreciation is 20%.
I am trying to migrate assets that are midlife from another system into Netsuite.
As a result, depending on when they were purchased, they might not have a prior year book value. For example, if an asset was purchased in Sep 2020, and the entity's financial year starts in April of each year.
In that scenario, I would use
NBV*(0.2/12)
where NBV=Net Book Value at the date the asset is being migrated.
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