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Combine FAM records after depreciation has started?
Hello all Experts!
We are almost 2 years into our NetSuite experience but still feel like we turned it on yesterday. FAM is our struggle monster today and I am looking to those wiser than I.
When we imported our fixed assets into FAM we were not aware of the FAM journal entry process at asset disposal; 1 FAM asset = 1 FAM journal entry. Previously we maintained assets in a spreadsheet so when several items were disposed of it was a simple highlight/delete then a massive journal entry to remove from the GL accounts.
NOW - in FAM - we have a FAM journal entry for each FAM asset disposal, while logical this is causing distress. Reviewing and confirming the entries are correct is time consuming for our managers and confusing.
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