NetSuite Fixed Asset Management offers an easy-to-manage, single version of truth for your fixed assets. It enables you to maintain and control the complete lifecycle across depreciating or non-depreciating assets, from creation to depreciation, revaluation, and disposal. NetSuite Fixed Asset Management supports detailed asset management, including maintenance schedules and insurance, while providing tight accounting integration to ensure your fixed asset information is always accurately presented on financial statements.
NetSuite Fixed Asset Management offers flexible depreciation scheduling using any of the available standard methods, such as straight-line, fixed declining, sum-of-the-years-digit, and more. This flexibility allows businesses to choose the depreciation method that best suits their needs and accounting practices.
NetSuite Fixed Asset Management provides integrated workflow capabilities that support the asset lifecycle from purchase to retirement, ensuring end-to-end management. This includes streamlining processes such as asset acquisition, assignment, maintenance, depreciation, revaluation, and disposal through customizable workflows tailored to your organization's needs.
NetSuite Fixed Asset Management offers out-of-the-box asset summary reporting, enabling users to visualize beginning balances, changes during the period, and ending balances. This comprehensive rollforward report provides a clear overview of the movement and status of fixed assets, facilitating informed decision-making and financial analysis.
NetSuite Fixed Asset Management provides integrated financial reporting with drill-down capabilities, allowing users to seamlessly navigate from financial statements to related fixed asset transactions. This functionality enables users to gain deeper insights into the underlying details of asset transactions, enhancing transparency and facilitating accurate analysis and decision-making.