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Fixed Asset Management for NetSuite

 

Accurately tracking, controlling and depreciating assets is required in all businesses. The NetSuite Fixed Assets register module enables businesses to store details on their assets, categorise them into asset classes and to store information on Insurance policies, leasing agreements and Maintenance schedules.

Edition Supported: NetSuite
Countries Supported: All
Support & Maintenance: Included
Authored by: Nolan Computers
First Released: 1-Jul-2008
Last Updated:
Required External Service/Software: None
Price: Licence Fee paid annually in advance. $2,500.00 (Ex VAT)
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Features:
  • Automatic Asset Creation when entering a Bill.
  • User Definable Depreciation Schedules
  • Multiple Depreciations per Asset
  • Multiple Asset Types
  • Flexible Reporting
  • Track Insurance and Maintenance
  • Maintain Non-Depreciating Assets
Benefits:
  • Accurately Track and Control Depreciating Assets.
  • Produce Detailed Asset Reports
  • Maintain Supplementary Information about Insurance, Leases and Maintenance.
  • Manage the Allocation of Assets to Employees

Description:

The NetSuite Fixed Asset design flexibility allows it to be used by a wide variety of businesses, and allows for the storage of a range of different assets and depreciation methods. New assets can be manually created, or proposed based on General Ledger transactions. Assets can also be imported from text files, simplifying asset take-on.

The Fixed Asset Register allows for depreciation of assets using Straight Line, Reducing Balance, Usage and Sum of Digits depreciation methods. Assets may be depreciated monthly, annually or by financial period, and the depreciation may be performed on a single asset, range of assets or for all assets. Each depreciation process automatically posts to NetSuites General Ledger accounts set-up for each asset.

You can quickly produce detailed reports for one or many assets when using the Fixed Asset Register. User-specified report options store selections and sort requirements for each of the reports. As the reports are available in Report Writer, each report may be tailored by the user to provide specific reports reflecting their requirements. Asset related transactions can also be tracked through the Accounts Payable transactions.


If you've purchased Fixed Asset Management for NetSuite to read documentation on this SuiteExtender.