Discussions
NetSuite Admin Tip | Credit Note Not Applied to Asset Proposal
Scenario:
An item receipt was recorded in the system for $1,200. Later, a Credit Note for $200 was received and posted, reducing the actual expense to $1,000. However, when preparing for asset capitalization, the asset proposal related to this transaction was accidentally rejected.
After initiating a reversal of the rejected Asset Proposal to reprocess the capitalization, the system continues to reflect the original amount of $1,200, instead of the updated expense value of $1,000 ($1,200 minus the Credit Note of $200).
What is the recommended workaround aside from doing an Asset Revaluation when the reversal of a rejected Asset Proposal still shows the full $1,200, instead of the adjusted $1,000 after a Credit Note?
Jeanne Padilla | General Accounting and Asset Management
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