What Is NetSuite Fixed Assets Management?
- NetSuite Fixed Assets Management is a SuiteApp that tracks capital assets throughout their lifecycle and automates depreciation, lease accounting, and financial reporting.
It maintains a centralized asset register with acquisition cost, in-service date, useful life, and location; calculates depreciation using standard methods (straight-line, declining balance, sum-of-years-digits) or custom schedules.
It also manages lease accounting with automatic amortization and liability tracking for ASC 842 compliance, and automatically posts depreciation and lease expense journal entries to the GL—eliminating manual calculations, spreadsheet-based asset registers, and compliance risk.
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NetSuite Fixed Assets Management Features
Calculate depreciation using standard methods or custom schedules. System posts journal entries automatically to GL without manual calculations.
Track assets from acquisition through disposal with complete history. Maintain acquisition cost, in-service date, useful life, location, and transfer records.
Capture lease details including contract value, duration, and discount rate. Automatically amortize lease expense and track remaining liability.
Straight-line, declining balance, sum-of-years-digits, usage-based, or user-defined custom methods. Different methods for book vs. tax depreciation.
Centralized register of depreciating and non-depreciating assets. Assign assets by region, facility, department, or subsidiary.
Transfer assets between subsidiaries or business units while retaining complete history. No manual data re-entry.
Record asset sales, write-offs, or retirements. Calculate and post gains or losses on disposal automatically.
Automatically create asset records from purchase orders, bills, and inventory transfers. Asset creation without manual entry.
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How Much Does NetSuite Fixed Assets Management Cost?
- Fixed Assets Management is available as an add-on SuiteApp to NetSuite.
But the real cost isn't the license—it's the staff time calculating depreciation in spreadsheets, the insurance and taxes paid on ghost assets, and the ASC 842 lease accounting compliance risk from manual tracking.
Why Choose Stockton10?
Challenges NetSuite Fixed Assets Management Solves
- Manual depreciation calculations
- Tracking assets in spreadsheets
- ASC 842 lease accounting compliance
- Inaccurate asset registers
- Ghost assets
- No visibility into collection status
Hear it from your peers
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NetSuite Fixed Assets Management FAQs
A SuiteApp that automates depreciation calculations, tracks assets throughout lifecycle, and manages lease accounting for ASC 842 compliance with centralized asset register and automatic GL posting.
Yes. Fixed Assets Management captures lease details, calculates amortization using contract value and discount rate, tracks remaining liability, and posts lease and interest expense automatically for ASC 842 compliance.
Straight-line, declining balance, sum-of-years-digits, usage-based, and user-defined custom methods. Supports different methods for book vs. tax depreciation.
Uses standard methods (straight-line, declining balance, sum-of-years-digits, usage-based) or custom user-defined schedules. Calculates and posts depreciation journal entries automatically to GL.
Asset records track acquisition cost, in-service date, useful life, location, transfers, maintenance, and disposal. Complete history maintained from purchase through retirement.
Yes. We clean and maintain asset registers, review and update depreciation schedules, conduct asset audits, maintain lease accounting accuracy, enforce disposal discipline, and monitor procurement integration.
Is Your Asset Register Accurate?
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