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Read on for the latest updates including:
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• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
Depreciation Journal created in Netsuite from cut off Opening Balance
Hi All,
I wanna ask about Depreciation Journal Fixed Asset.
Here is the simulation:
Item A
Purchase Date: 2 Jan 2024
Asset Purchase Cost: USD 10,000
Life oh Years: 4 years (48 months)
Depreciation per month: USD 10,000/48 = USD 208.33
Cut off opening balance: 1 Mar 2025
If we run the depreciation, the journal entries will be created start from 2 Jan 2024.
Is it possible the journal of depreciation created start from 1 Mar 2025 ?
Thanks
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