Fixed Assets Accounting

Accurately Track End-to-End Lifecycles for Plant, Property and Equipment

NetSuite Fixed Asset Management provides you with a comprehensive fixed assets accounting solution to effectively manage every step of the fixed asset lifecycle across depreciating or non-depreciating assets—from creation to depreciation, revaluation and disposal. Simplify the asset management process and get a single version of the truth for your fixed assets, which can include plants, buildings, machinery, computers, office furnishings and other assets.

NetSuite cloud-based asset management software supports detailed asset management, including maintenance schedules and insurance, with tight integration that creates accounting entries and fixed assets from purchases ensuring that information is always presented accurately on financial statements.


Flexible Depreciation Management

Depreciation scheduling based on many standard depreciation methods (e.g., straight-line, fixed declining, sum-of-the-years-digit, etc.).

Fixed Asset Rollforward

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

Workflow Management

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

Integrated Financial Reporting

Complete drill down capabilities to view the original transaction from the financial statements to the related fixed asset transaction, valuation and depreciation across multiple locations, subsidiaries, asset types and more.