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Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Explore new breakthroughs, sharpen your skills, and connect with experts who are shaping what’s next. Experience bold keynotes, interactive learning, and connections that span the global NetSuite community. Discover what's next at SuiteConnect Tour 2026.
NetSuite launches new wholesale distributions solution in Japan in January 2026!
NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
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NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
Register Now
NetSuite 2026.1 Release Notes - This document summarizes the changes to NetSuite between 2026.1 and the previous release.
Have questions or experiences to share? Post your Release 2026.1 questions and join discussions in the Release 2026.1 category.
Have questions or experiences to share? Post your Release 2026.1 questions and join discussions in the Release 2026.1 category.
Why is My Depreciation Formula Not Working?
Hi Gurus!
I have a situation and I believe you are my only resort! :)
So, I need to write a formula where, for a new asset,
1st year depreciation = ( (50%) of (20% of NBV) ) & (divide it by number of periods in the first year)
Following years = (20% of NBV) divided by number of periods in that year.
My formula: IF (NB=OC) THEN ( (NB*0.2) /2/12 ) ELSE ( (NB*0.2) /12 ) ENDIF
Questions please:
- NS won't allow me to save this formula for some reason.
- NB = OC indicates original cost = NBV and this is to show that it is the first year of this asset.
- To make this NB=OC work, I believe I need to set the depreciation method to "annual depreciation, monthly posting" in the depreciation period field, correct? This way, say if the 1st period has only 2 periods, NS will find 50% of 20% of NBV, which will be annual amount, and divide it by 2 periods, which will be the idea of monthly posting?
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