Manage your complete asset life cycle
Manage your complete asset life cycle and integrate your asset management with your accounting processes with NetSuite Fixed Asset Management
Integrated and easy-to-use tools
NetSuite Fixed Asset Management helps your company improve its asset management processes by eliminating manual operations such as spreadsheets, which can be inefficient, time-consuming and prone to error. Its integrated and easy-to-use tools ensure that you’re always working from a single version of your information and can be confident it is up-to-date and accurate.
Integration with NetSuite Financials
With the software, you’ll be able to maintain and control the complete asset lifecycle, from creation to retirement. Integration with NetSuite Financials allows you to create accounting entries and fixed assets from purchases, enabling you to have a full picture of your operations and ensure that no equipment gets overlooked.
Key Area Functionality
- Acquire, depreciate, revalue and dispose of assets
- Integrate with NetSuite Accounting
- Access real-time asset reporting
By using NetSuite Fixed Asset Management, you can support the entire lifecycle of an asset, from the creation of a purchase order within NetSuite, through tracking, depreciation and eventual retirement. Users of the solution can control all transactions related to company assets, easily track both depreciating and non-depreciating assets and support all standard depreciation methods.
The solution also enables you to make sure all fixed asset depreciations and disposals are posted to NetSuite’s key accounting systems. This can streamline the entire process, including operations such as journal posting, bill posting and PO billing posting.
NetSuite’s powerful and easy-to-use dashboards allow you to get detailed reports on your fixed assets in real-time and offers the flexibility needed to build any kind of asset report, depending on your business’ requirements. Users can view assets by type, location, subsidiaries and more. Additionally, they can easily execute a range of preset reports, as well as save and run customised searches to bring out important information quickly.
Eliminate manual processes and spreadsheets
Easily track depreciating and non-depreciating assets
Create and customise unlimited depreciation methods
Get comprehensive reports across assets, valuations and depreciation
Support all standard depreciation methods
Integrate directly with NetSuite Financials