Fixed Asset Management

End-to-End Lifecycle Management for Plant, Property and Equipment


NetSuite Fixed Asset Management provides you with a single version of the truth for your fixed assets that is easily to manage. It allows you to maintain and control the entire lifecycle across depreciating or non-depreciating assetsfrom creation to depreciation, revaluation and disposal. NetSuite asset management software supports detailed asset management, including maintenance schedules and insurance, while providing tight integration that creates accounting entries and fixed assets from purchases ensuring that the information is always presented accurately on the financial statements.

Features

Flexible Depreciation Management

Depreciation scheduling using any of the available standard methods (e.g., straight-line, fixed declining, sum-of-the-years-digit, etc.).

Fixed Asset Rollforward

Comprehensive out-of-the-box asset summary reporting to show opening balances, changes during the period and closing balances.

Workflow Management

Integrated workflow capabilities to support the complete asset lifecycle from asset purchase to retirement, end-to-end.

Integrated Financial Reporting

Drill-down capabilities to see the underlying detail from the financial statements to the related fixed asset transaction, valuation and depreciation across multiple locations, subsidiaries, asset types and more.