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Selling of assets between two subsidiaries at a loss
An asset is depreciating in subsidiary 1, and in the mid of month it is being sold to another subsidiary at a loss. If the asset NBV is $5000, it is being sold to subsidiary 2 at $2000. Questions 1: How to record this in the system using the standard fixed asset module, as while using FA sale/dispose, we are getting error…
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NSC | Resolving Depreciation Error: MAP_ERROR – Inactive Location
During the depreciation process, the following error may occur: Error:Depreciation > MAP_ERROR: The following field(s) are inactive: Location. This issue arises when one or more locations associated with Fixed Asset Management (FAM) records are set to inactive in the system. Root Cause The depreciation process references…
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Asset Depreciation Adjustment After 31/12/2025 Depreciation already Run
Hi Team , Depreciation for one asset has already been processed up to 31/12/2025. However, after this run, I would like to make the asset fully depreciated by adjusting the remaining balance and life time . is this possible to made changes in already been processed Depreciation or i have to made this next month…
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NetSuite Admin Tip | Fixed Assets Management: Saved Search Showing Disposal Write-Off Amount
When managing fixed assets in NetSuite using the Fixed Assets Management (FAM) module, users often rely on saved searches to track various aspects of asset activity — including disposals. However, a current system limitation affects the visibility of specific financial data in these reports. As of now, there is no built-in…
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Fixed Assets Management 2025.2: Required Action for Customers using Suitelets
This notice is intended for customers who are using the Fixed Assets Management SuiteApp. What is Changing? As of March 13, 2025, you can no longer deploy scripts to both internal and external roles by completing either of the following actions: Checking the Select All box in the Audience subtab in the UI, or Setting the…
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Net fixed assets became negative in consolidated balance sheet, How to correct this problem?
Dear Gurus, We have this business scenario in fixed assets when displaying the consolidated balance sheet, due to the fluctuation of the consolidated historical exchange rate, net assets became negative, the following example will explain. How to prevent this from hapening? Your help is highly appreciated. Regards,
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Calculation Updates for Operating Lease in Fixed Assets Management version 2023.2
This notice applies to customers who are using the NetSuite Fixed Assets Management SuiteApp. The changes described in this notice are targeted for the Fixed Assets Management SuiteApp with the NetSuite 2023.2 release. What is changing? Write-Down Adjustment Calculation for an Operating Lease In previous versions, the…
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How to manage fixed assets like, mobile phones, software, and hired plant or machinery?
Dear all, I read on page 1 of the fixed assets management guide "The system enables you to manage even non depreciating assets such as mobile phones, software, and hired plant or machinery. This is useful for tracking employee ownership of items, and for tracking insurance and maintenance schedules of assets" but the guide…
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How to re-run depreciation based on asset usage/activity?
Hello, I have one fixed asset which is not depreciated every month because it is depreciated only if it is used (based on units of activity/usage), this month we forget to input the units of activity in the assets usage tab, and we run the depreciation for this asset type, the system generated a zero value depreciation…
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Reverse Depriciation
Hi All, What is the best way to reverse the depreciation Run? There is an option to reverse the last run that I did? Thank you, Matan