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Try Intelligent Payment Automation – Fee Free For Your First Month
Intelligent Payment Automation, powered by BILL (aka Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.
The SuiteApp is available to organizations based in the U.S. with a valid U.S. address, or to global customers (except Canada, China, and Japan) with U.S. business subsidiaries. It only supports payments to vendors operating in the United States.
For more information, visit this thread.
Intelligent Payment Automation, powered by BILL (aka Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.
The SuiteApp is available to organizations based in the U.S. with a valid U.S. address, or to global customers (except Canada, China, and Japan) with U.S. business subsidiaries. It only supports payments to vendors operating in the United States.
For more information, visit this thread.
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Reclassify a Fixed Asset as Expense in NetSuite
In NetSuite Fixed Assets Management (FAM), a fixed asset was set up and depreciation was run for two months. After an audit review, it was determined that the purchase should have been expensed directly instead of capitalized. To correct this, the depreciation journal was reversed, the asset was marked as inactive, Depreciation = False, and Include in Reports = False. However, the asset register still displays the asset with acquisition and depreciation values.
What is the correct process to fully expense the item so that:
- It no longer appears in the asset register
- Cost and accumulated depreciation are removed from the relevant accounts on the balance sheet
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