NetSuite Fixed Assets Management provides you with the power to eliminate spreadsheets and manual effort from your company’s asset and lease management processes. NetSuite Fixed Assets Management enables you to maintain and control the complete asset lifecycle from creation to depreciation, revaluation, and retirement. Its detailed asset management functionality supports multiple depreciation calculation types, handling of depreciating and nondepreciating assets, maintenance schedules, lease accounting, and insurance.

Benefits of NetSuite FAM module:

• Manage the complete asset lifecycle.
• Completely integrate asset management with accounting.
• Maintain accurate records for compliance and reporting.
• Eliminate manual effort and multiple spreadsheets.
• Accurately report valuation, depreciation, expense, and amortization.

This video is a quick guide to setting up NetSuite fixed asset management. For more information about NetSuite ERP and how it can bring efficiency in business operations, reach us today.

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