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Can we control Mid Life lease ROU asset NOT to depreciate for historical period?
Hi, We are using the mid-life lease function and trying to create mid-life asset associated with the lease. However, although the lease setup and schedule performance looks correct, somehow the auto generated asset always shows a "New" [Asset Status] asset, with the related field like [Last Depreciation Period]/[Last…
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WATCH: Why does the imported Midlife Fixed Asset's Depreciation History not return the correct value
This video will guide us on the things to consider when Importing Mid-life Assets to ensure that these assets will be imported correctly and successfully.
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Mid-Life Lease Assets NPV Calculations
I am attempting to create mid-life lease assets, but the client's NPV does not match what NetSuite is calculating. When using a source transaction for the value the client lists, NetSuite rejects the lease stating that the source transaction must be equal to the lease NPV. The client has been using Excel's NPV function of…
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How to upload assets that have been depreciated?
Hi Guys, how to upload assets that have been depreciated example : how do you upload assets where the data available is, Name : Asset Vehicle B1218AD Original Asset Amount : 4,800,000 Depreciation Method : Straight Line Depreciation Start Date : 03/03/2021 Asset Lifetime : 48 how is the recognition in netsuite on july 12th…
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NSC | CSV Import Mid-Life Assets > 0 values
When you are performing the CSV Import of Mid-life Assets you need to make sure, that the following setting is not checked: Navigate to Fixed Assets > Setup > System Setup: “Run Server Scripts on CSV Import” See the Field Help for explanation of field functionality. Once you check this field, although you set the correct…
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NSC | Wrong Net Book Value in FAM Reports
Scenario: You are migrating the Mid-life Assets into the system. You performed the CSV import of the Asset itself as per our SuiteAnswers, nevertheless, the Net Book Value is showing the wrong information. See below my example of the Mid-life Asset FAM000247 with the following information: Asset Original Cost: 3000 Asset…
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AE: Wrong Net Book Value for Asset
Hello again Support Community ?, Would like some assistance on a Fixed Asset related concern we noticed. As you can see on the screenshot below, there seems to be some issue with the computation of the Net Book Value for the first depreciation from acquisition. The acquisition amount is 308.44 and current month…