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We’re excited to announce that the 2025 Community Recap is now available! This special recap highlights the amazing contributions and achievements of our members over the year and celebrates the collective success of our community.
Check your personalized recap to see the impact you made in 2025 and how your efforts helped shape our community’s growth and success.
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Thank you to everyone for your passion, collaboration, and support. Here’s to building an even stronger community together in the year ahead!
Season’s greetings to you and yours! As we head into the holidays (December 24 – January 4), we want to take a moment to celebrate the incredible strength and collaboration within our community. Even during the break, you can continue to benefit from connecting with peers, searching related threads, posting your questions, and marking helpful replies as “Accepted” in the Support Community.
Please note our dedicated team will be on reduced coverage during this time, and regular responsiveness will resume on January 5. Wishing you a joyful and restful holiday season!
-The NetSuite Support Community Team
How to "Correct" Fixed Asset Original Cost?
We recorded a fixed asset via Journal Entry in 08/2022. August 2022 period is closed.
We have have processed & recorded 3 months depreciation.
We were overcharged for the fixed asset and have received a refund.
I need to correct the Fixed Asset Original Cost, since it was incorrect.
I need to adjust the depreciation schedule to calculate the correct depreciation for the remaining periods
It is not an Asset Revaluation. It was an error in the Asset Original Cost and therefore is recording the incorrect depreciation each month.
How do I correct the Asset Original Cost and have the Depreciation schedule updated to the new correct amount so that the asset and related journal entries are correct and reflect the correct asset value in October?