Asset types Import template
| NetSuite Fields | TAB | NOTES | EXAMPLE |
| Name | MAIN | Asset type name | IT |
| Description | MAIN | Asset type description | IT Equipments including Laptops, computers etc. |
| Accounting Method | MAIN | Method used when depreciating this asset type | Straight Line |
| Asset life time | MAIN | Expected lifetime of assets in this asset type, in months [IT-36; Intangible and F&F -60] | 36 |
| Asset Account | ACCOUNTS | The main asset cost account (balance-sheet) | IT Equipment |
| Depreciation Account | ACCOUNTS | The account tracking the accumulated depreciation (balance-sheet) | IT Equipment Accumulated Depreciation |
| Depreciation charge account | ACCOUNTS | The expense account for depreciation charges (period depreciation amount) | IT Equipment Depreciation Expense |
| write off account | ACCOUNTS | Account for asset write-off expense | IT Equipment |
| Write down account | ACCOUNTS | Account for asset write-down expense | IT Equipment |
| Disposal cost account | ACCOUNTS | Account for asset disposal (sale) expenses | IT Equipment |
| Depreciation Active | GENERAL | Select whether the asset is active and included in depreciation processing. [Inactive depreciation – FALSE; Active depreciation – TRUE] | True/ False |
| Include in Reports | GENERAL | Indicates whether the asset should be included in all reports. By default, all assets are included in the report – | TRUE/FALSE |
| Revision rules | GENERAL | Controls how revaluation affect the assets [When ‘Current Period’ is selected, the depreciation of the asset to date is recalculated using the revised values, and the difference between the calculated depreciation and the previously posted depreciation is entered in the current period. When ‘Remaining Life’ is selected, the revision only applies to the asset from this point forward, so only affects future depreciation calculations.] | Remaining Life |
| Depreciation rules | GENERAL | Indicates whether the asset is depreciated in the same period as it is first made active (acquisition) or in the final period of its lifetime (disposal). The ‘Pro-rata’ option will depreciate in proportion to a partial month in both the period of acquisition and of disposal, based upon a standardised 30 day month. Acquisition rules [ depreciation for the full month of acquisition] | Acquisition |
| Depreciation period | GENERAL | Frequency of Depreciation | Monthly |
| Custodian | GENERAL | The default employee responsible for assets of this type | |
| Financial year start | GENERAL | First month of Financial Year | June |