NetSuite Module
The NetSuite Fixed Assets Management module replaces asset spreadsheets with one record for every owned and leased asset, from purchase and depreciation to lease accounting, revaluation, and disposal. Versich helps finance teams across the United States and the UK set it up, bring over existing asset registers, and keep depreciation accurate every period.
The NetSuite Fixed Assets Management module is a SuiteApp that manages the full life of company-owned and leased assets inside NetSuite. Assets can be created straight from purchase orders, bills, and expenses, or imported from an existing register, and each one carries its own depreciation, maintenance, insurance, and lease details.
Depreciation, revaluations, transfers, and disposals post directly to your general ledger, so the asset register and the books always match. It also supports lease accounting under ASC 842, IFRS 16, and GASB 87, separating lease and interest expense automatically to speed up the monthly close.
Owned and leased assets live in one place, with full history for each one.
Depreciation calculates and posts on schedule, monthly or daily, with no manual journal entries.
Finance and operating leases follow ASC 842, IFRS 16, and GASB 87 without separate spreadsheets.
Asset entries post to the general ledger automatically, cutting reconciliation time.
Every acquisition, revaluation, transfer, and disposal is recorded and traceable.
Report on valuation, depreciation, and lease balances across locations and subsidiaries at any time.
The NetSuite Fixed Assets Management module covers every stage of an asset's life, for depreciating and non-depreciating assets alike.
Manage proposal, creation, depreciation, revaluation, transfer, split, and disposal from one asset record.
Create assets straight from purchase orders, bills, and expenses, or import existing assets with their depreciation history.
Use straight line, fixed declining, sum of years digits, or asset usage, calculated monthly or daily.
Build your own depreciation methods and link them together for more complex valuations.
Apply several depreciation methods to one asset for tax and corporate reporting.
Track and depreciate individual components on their own cost and useful life.
Create and track finance and operating leases, import amortization schedules, and post lease and interest expense separately.
Keep maintenance schedules, insurance details, and lease agreements on each asset record.
Run the asset register, depreciation schedules, and lease reports, plus saved searches for additions, disposals, and expiring leases.
Most finance teams look at Fixed Assets Management once the asset register outgrows a spreadsheet. These are the challenges we solve most often, with an asset process built to scale.
Asset lists and depreciation live outside NetSuite. We move every asset into NetSuite with its full history.
Similar equipment is classified differently across locations. We standardize asset types and naming before anything is imported.
Account mapping errors throw off the books. We map every asset type to the right general ledger accounts.
Imported assets lose their accumulated depreciation. We bring in cost, in-service dates, and depreciation to date, then reconcile to the general ledger.
Disposed assets stay active in the register. We set up disposal and write-off processes, so retirements are recorded properly.
Lease schedules sit in separate spreadsheets. We set up lease records that post lease and interest expense automatically.
Every project starts with your asset register and depreciation policies, so the setup matches how your team already accounts for assets.
We review your asset register, categories, depreciation policies, and lease agreements.
We define asset types and map each one to the right general ledger accounts.
We configure depreciation methods, tax methods, and lease accounting rules.
We import existing assets with their depreciation history and reconcile balances to the general ledger.
We run a full depreciation and lease cycle in sandbox and confirm the results match your current figures.
We support your first live periods and review reports and processes with your team.
Fixed Assets Management is an add-on module to your NetSuite subscription, and Oracle does not publish a fixed price. What you pay depends on your edition, contract, and how many assets and leases you manage.
Oracle licenses the module as part of your annual NetSuite subscription. Pricing varies by edition and contract terms.
Scope drives cost. A single entity with standard depreciation sits at the lower end, while many subsidiaries, tax methods, lease portfolios, or large asset imports need more design and testing.
New asset types, policy changes, and release testing keep depreciation and lease schedules accurate as your business changes.
We scope pricing to your actual asset base and phase work where it makes sense, so you only pay for what your finance team needs.
Fixed assets don’t live on their own. Purchases, the general ledger and your reporting books all touch them. Here is how the module connects to the rest of your NetSuite account, and what we set up so the connections work.
Assets are created from purchase orders, bills and expenses, so new equipment doesn’t need re-keying. We set up the rules that decide which purchases become assets and which are expensed.
Depreciation, transfers and disposals post to the general ledger. We map each asset type to the right accounts, so period-end entries post correctly.
Keep tax and corporate books on the same asset when your reporting requirements differ. We configure alternate methods and book assignments, so they reconcile.
Asset, depreciation and lease data feed NetSuite reports and saved searches. We can also connect it to Power BI for finance dashboards.
