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NetSuite Modules

Make your business financial reporting accurate by automating the processes of fixed-asset depreciation and lease accounting. Save your time and money, intelligently!

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Depreciation engine
Straight-line
Net book value sample$120,000
Acquire
In service
Depreciate
Transfer
Dispose
Journal feed
JE-2041Depreciation postedExpense
JE-2042Asset transferredSub A → Sub B
JE-2043Lease interest bookedInterest
Auto-post journals
Audit-ready
Lease liability tracked

With 0+ successful implementations, Aarvexa helps businesses deploy and optimize NetSuite modules to improve core business operations, and help them get the maximum out of their ERP.

Overview

Fixed Asset Management provides the automated management of thousands of fixed assets and their lifecycles, from acquisition and depreciation to disposal and reporting. Using NetSuite Fixed Asset management, users can develop a comprehensive list of existing assets that includes relevant data like acquisition cost, in-service date, estimated useful life, and track lease agreement details like contract value, duration, and discount rate.

There is a lot that you can do with the NetSuite fixed asset management module, such as importing new assets and mid-life assets into NetSuite, creating new asset records manually or from purchases, adding expenses, and journal entries in NetSuite.

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Fixed asset registerSample
Head-office buildingDepreciating
Production lineDepreciating
Laptop fleetTransferred
Warehouse rackingDepreciating
Leased forkliftsLease
Asset classes
fixed-assets / asset-list
By period trend
Capabilities

  • Automate SL, DB, and SOYD depreciation methods
  • Save costs on manual asset tracking
  • Manage transfers, disposals, and revaluations
  • Cut audit prep time with real-time reports
  • Auto-sync assets with GL for accurate entries
Implement Fixed Asset Management Now

NetSuite Fixed Asset Management provides holistic features that cover the entire asset lifecycle management, enabling companies to keep their records updated. With Fixed Asset Management, you can seamlessly work with NetSuite Procurement and Advanced Financial Management to automate the creation of new assets and the posting of depreciation and lease expenses.

01
Parent CoSub ASub B
Asset Tracking

Leverage the asset tracking feature to list the depreciation and non-depreciating fixed assets, while maintaining detailed records. The module allows users to add and track assets by region, facility, department, or the assigned reporting segment. Users can also transfer assets from one subsidiary or business unit to another easily.

NetSuite Fixed Asset Management helps businesses automate asset-related tasks, improve record-keeping, and simplify accounting. From acquisition through disposal, it provides the visibility and accuracy needed to scale efficiently while reducing manual work and errors.

Inefficient Processes

Manual processes slow down finance teams and create unnecessary complexity. NetSuite automates asset-related workflows to boost productivity.

  • Automation of asset management tasks
  • Simplified processes for finance teams
  • Reduced time spent on repetitive activities
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SpreadsheetsEmail chainsPaper forms
Assets syncedEntries postedReports ready

Aarvexa helps you set up NetSuite Fixed Asset Management the right way so you can track, manage, and report on every asset with less manual work and zero guesswork.

0+ Certified NetSuite Resources

0+ Successful NetSuite Module Deployments

Advanced Module Configuration & Workflow Engineering

SuiteCloud 2.0 & API Integration Specialists

Measurable ROI & Performance Visibility

AI-Enabled NetSuite Automation Experts

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Discover how Aarvexa has helped organizations achieve measurable results using this NetSuite module.

Mako Networks
Multi-entity tracking

Mako Networks

Automated multi-entity asset tracking using NetSuite Fixed Asset Management for accurate depreciation and financial visibility.

Sterling Capital Brokers
Depreciation accuracy

Sterling Capital Brokers

Structured asset records and automated depreciation in NetSuite for dependable financial reporting.

BIOMASON
Asset lifecycle

BIOMASON

NetSuite Fixed Asset Management to follow assets from acquisition to disposal with less manual work.

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Our commitments to every finance team we work with, from the first call to go-live and beyond.

Configured around your assets

We map your asset classes, methods and subsidiaries first, so the module fits how your finance team works.

Accurate from day one

Existing and mid-life assets are imported and checked before go-live, so depreciation starts from clean numbers.

Support after go-live

Our NetSuite specialists stay available to your finance team once the module is live.

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FAQ

Frequently Asked Questions

Straight answers on NetSuite Fixed Asset Management: basics, depreciation, lease accounting, implementation and support.

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Talk to a NetSuite fixed asset expert.

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It is a NetSuite module that automates the management of fixed assets and their lifecycles, from acquisition and depreciation to disposal and reporting. It keeps asset records, depreciation schedules and lease details in one place, connected to your general ledger.

Both depreciating and non-depreciating fixed assets. You can add assets manually, create them from purchases, or import existing assets, including ones that are already part of their useful life.

Yes. It works with NetSuite Procurement and Advanced Financial Management to automate the creation of new assets and the posting of depreciation and lease expenses.

Finance and accounting teams that manage many assets, several subsidiaries or leases, and want accurate reporting with less spreadsheet work.

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