Tag: fam

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 method to display the write-off… Continue reading Fixed Assets Management: Saved Search Showing Disposal Write-Off Amount

Cancel Last depreciation run

As per SuiteAnswers #102266, follow the below steps for deleting the FAM depreciation histories: To mass delete the imported FAM Depreciation History for a fixed asset, a Saved FAM Depreciation History Search should be created first. Go to Lists > Search > Saved Searches > New. Click FAM Depreciation History. On the Criteria tab, Add Asset. Select the specific Asset. Click Set. Change the Search Title. Click Save & Run.… Continue reading Cancel Last depreciation run

History for FAM Insurances Due & FAM Inspections Due in Fixed Asset

Scenario: Where is the history Insurance if we put a new insurance or maintenance inspection information? Will it override? Findings: I believe the insurance details as well as the maintenance inspection details will be overridden with the new details inputted. The history will be shown in the system notes of the asset record. Based on… Continue reading History for FAM Insurances Due & FAM Inspections Due in Fixed Asset

Custom segment in parent transaction not populating in FAM asset record

Scenario: Created a custom segment and used the same in Journal transaction. Then using Asset proposal assets were generated from this journal. However, the custom segment in journal did not populate in the asset record. Solution: When using custom segments in FAM, we need to ensure the relevant segment is applied to Fixed Asset Management… Continue reading Custom segment in parent transaction not populating in FAM asset record

How can I create a saved search to display the asset information for each depreciation journal?

Requirement: Currently have the Fixed Asset Management (FAM) module in NetSuite, and would like to display the journal entry or posting reference for the assets that have been depreciated. Could you please guide me on how to create a saved search to meet this requirement? Answer: Track the assets related to a depreciation journal entry… Continue reading How can I create a saved search to display the asset information for each depreciation journal?

CSV Import: FAM – Depreciation History > Error: There is already a Custom Record Entry with that name

Customer tries to import multiple Depreciation History records for Fixed Assets, thus, specifies External ID on the CSV Import file. However, they encountered the error: ‘There is already a Custom Record Entry with that name’. To resolve the error: Make sure that the External ID has not yet been used. Take note that External ID… Continue reading CSV Import: FAM – Depreciation History > Error: There is already a Custom Record Entry with that name

Fixed Assets Management Enhancements

4-4-5 Week Period Format in Depreciation Schedule Reports The depreciation schedule report can now group and display the depreciation and net-book values in a 4-4-5 Weeks period. Instead of calendar months, the accounting period is used as the column headers in the report. This change is visible in the report if the following conditions are… Continue reading Fixed Assets Management Enhancements

Asset Saved Searches | FAM

Standard Saved searches from FAM Module •Additions – Shows new asset purchases. •Disposals – Shows assets that are disposed, sold, and written off. •Asset List – Shows the Net Book Value for each asset for a specified date. •Asset Register – Shows the Net Book Value for a specified date, but with different columns. •Proposal History – Shows the asset… Continue reading Asset Saved Searches | FAM

Moving Asset from 1 Subsidiary to a different Subsidiary

Query I need to know in the Fixed Asset Management (FAM), if I transfer an asset from Subsidiary A to Subsidiary B using the FAM Transfer Entries function, would this impact and change historical data/activity after the transfer was made for Subsidiary A? Note: Subsidiary A is historical data and Subsidiary B is current data.… Continue reading Moving Asset from 1 Subsidiary to a different Subsidiary