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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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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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