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Fixed Assets: How can we record CIP and convert it to Fixed Asset later?

edited Jul 18, 2025 8:54PM in Ask A Guru 4 comments

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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