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SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Join us
Fixed Assets: How can we record CIP and convert it to Fixed Asset later?
Hi,
In NetSuite Fixed Assets, How can I we manage assets for Construction in Progress and convert them into Assets later when the work is complete?
In other ERP systems, we can enter CIP assets as non-depreciable assets and convert them into Assets with date placed in service, so that the depreciation gets tracked on them. How does it work in NetSuite?
Please let me know if there are any articles/documentation around it.
Thanks for your help in advance.
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