Fixed Asset Management for NetSuite

Award winning Fixed Assets for NetSuite

The Nolan Computers Fixed Assets Management module for NetSuite has been designed and developed from the ground up to enable small and medium sized businesses alike to maintain and control all aspects of their Fixed Assets, from depreciation through to maintenance schedules and insurance.

Effective management. The system holds all relevant detail for a fixed asset, including insurance and maintenance details of assets. This ensures that, in keeping with the way the rest of the NetSuite solution works, the Fixed Assets Management module provides a single source of information for everything relating to that asset.

Fixed Assets is integrated. The Fixed Assets Management module is distributed as a NetSuite bundle, and has been developed using NetSuite’s own development tools, so it looks and works in exactly the same way as the rest of NetSuite.

Depreciation postings and asset retirements are posted directly to the NetSuite accounts via accounts which are defined against each asset. No need for imports or other integration.

Fixed Assets is simple. The Fixed Assets management system is simple to use. Taking advantage of asset types in the setup to provide defaults for the assets enables asset creation, depreciation and eventual retirement to be routinely handled with the minimum of fuss.

With the asset ledger accounts defined, fixed assets may be automatically proposed for creation, or even created, simply by posting the originating document. For example, posting a purchase bill for a new asset will automatically ensure that asset is proposed for creation within the Fixed Assets Management system, along with all the applicable information from that bill.

Fixed Assets is flexible. The Fixed Assets management system has been built with flexibility in mind. As well as supporting the ‘standard’ depreciation methods – Straight Line, Fixed Declining, Sum of Years Digits, and Asset Usage, the system also allows user definable depreciation methods which may be ‘chained’ together to provide the ultimate in asset valuations.

Along with unlimited user defined depreciation methods, the Fixed Assets system also allows for a number of additional reporting depreciation calculations to be maintained for each asset. This allows organizations to maintain separate tax and corporate depreciation valuations.

All the company’s assets can be managed. The system allows non depreciating assets, such as mobile phones, software and hired plant or machinery to be managed. This is useful for tracking employee ownership of items. In addition their insurance and maintenance schedules may also be maintained.