Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Keep an eye out for upcoming NetSuite events, including meetups, workshops, and webinars. These sessions are a great way to connect with peers, learn from experts, and stay current on the latest NetSuite updates and best practices. Registration links are provided in each event.
SuiteWorld | October 25–28, 2026 | Las Vegas
Registration opens June 9. Be ready when passes drop. Get the green light now - Convince your boss
Registration opens June 9. Be ready when passes drop. Get the green light now - Convince your boss
NetSuite Admin Tips: Tracking the Construction in Progress (CIP) in Fixed Asset Management
A manufacturing company may be in need to track Capitalized Interest on each asset during the build of an asset and then once the asset is built and delivered to a customer the company can then accrue interest to the cost of the asset.
NetSuite does not have a process specific to a Construction in Progress as of now. We have created the following Enhancement requests:
- 285015 Support Construction In Progress (CIP) for Fixed Assets Management
- 253818 Fixed Assets > Transactions > Please provide the ability to create Fixed Asset records that passes through Work In Process (WIP) account
However, there is a workaround that involves creating a new Asset Type and performing an Asset Transfer. Here are the steps:
Katerina Winklerova
Basic Accounting/ OTC/PTP Guru
3