Scenario After installation of the bundle, the tab Fixed Assets is not available on all roles. Solution SuiteApp/Bundle ID: Fixed Assets Management | Bundle ID: 508242 Navigate to Customization > Centers and Tabs > Center Tabs Click Edit on the line with the following details Name: Fixed Assets Center Type: Classic Center From Bundle: 508242 Click Audience tab Roles: Mark Select All Checkbox Click Save
Tag: fixed asset
Fixed Asset Management lifecycle
The Fixed Asset Management lifecycle consists of several key stages that ensure effective tracking and management of fixed assets from acquisition to disposal. Here’s a detailed overview of each phase: 1. Planning and Acquisition Needs Assessment: Determine the need for new assets based on business requirements. Budgeting: Allocate budget for asset acquisition. Vendor Selection: Identify… Continue reading Fixed Asset Management lifecycle
Downloading Fixed Assets Reports in Excel Format
Scenario: When generating a report in the Fixed Assets Management module, users may find that the report is only available in XML and PDF formats. To convert this to excel, follow these steps: Click on the XML hyperlink for the report you wish to open in Excel. The XML file will be downloaded and will… Continue reading Downloading Fixed Assets Reports in Excel Format
FAM Diagnostics Portlet
The FAM Diagnostics portlet shows the health of your FAM bundle, from your dashboard. FAM Diagnostics displays the processes that require action, what to do to correct it, when it was last corrected, and by whom. You can also scan the processes to see if there is anything that needs to be remedied. The following… Continue reading FAM Diagnostics Portlet
Fixed Assets Management SuiteApp : Initial Set Up
Oracle NetSuite Fixed Asset Management (FAM) empowers companies to optimize their asset-related processes comprehensively. Through the capabilities of NetSuite, businesses can seamlessly navigate the entire lifecycle of their fixed assets, from acquisition to disposal. Installing the Fixed Assets Management SuiteApp: Prerequisites: Enable the following features prior to installing Fixed Assets Management Custom Records Custom Transactions… Continue reading Fixed Assets Management SuiteApp : Initial Set Up
FAM Manage Asset Proposal Error message: “RCRD_DSNT_EXIST”,”message”:”That record does not exist.”
Scenario User is using Asset Proposal when creating new assets. However, they can’t proceed to propose assets because they are experiencing the error message below when they navigate to Fixed Assets > Transactions > Manage Asset Proposal: {“type”:”error.SuiteScriptError”,”name”:”RCRD_DSNT_EXIST”,”message”:”That record does not exist.”,”stack”:[“createError(N/error)”,”<anonymous>(/SuiteBundles/Bundle 285767/src/adapter/fam_adapter_record.js:53)” Solution To address the problem, user need to complete the Fixed Asset… Continue reading FAM Manage Asset Proposal Error message: “RCRD_DSNT_EXIST”,”message”:”That record does not exist.”
Fixed Asset Disposal Methods
Disposal-Sale An asset at or near the end of its useful life can be disposed via sale to another party. The Asset Manager can perform an Asset Sale Disposal. The following activity will take place: The appropriate Customer (sell-to party), Asset Item, and Item Amount (sale price) is entered. The Asset Sale will result in two NetSuite… Continue reading Fixed Asset Disposal Methods
Fixed Asset Management Reporting
Fixed Asset Management Reporting The following searches come native with FAM bundle and are recommended for use with the Asset Manager role and dashboard. Any role with Fixed Assets permissions can access these reports: Depreciation Monthly Report Additions Disposals Period Movement Asset List Asset Register Proposal History
Unable to Initiate Upgrade to the Latest Version of Fixed Assets Management Because Asset Depreciation or Background Tasks Are in Progress or in Pending Status
Scenario Fixed Assets Management bundle update fails and the user receives an email with the following data: Account: xxx Bundle Name: Fixed Assets Management Script: FAM Bundle Installation Scripts Type: Bundle Installation Function: ncFAR_BeforeBundleUpdate Error: INSTALLATION_ERROR Unable to initiate an upgrade to the latest version of Fixed Assets Management because Asset Depreciation or… Continue reading Unable to Initiate Upgrade to the Latest Version of Fixed Assets Management Because Asset Depreciation or Background Tasks Are in Progress or in Pending Status
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