NetAsset - Global Settings

Go-Live Date

Indicate the method by which asset IDs should be populated.

Default: Uses the prefix and the numbering conventions laid out directly on the NetAsset Asset custom record.

Manual: Forces users to specify the asset ID manually whenever creating a new asset record.

Custom: Allows user to specify their own asset ID prefix.

Asset Type: Uses the asset prefix listed on the asset type record and numbers according to the number of assets within that asset type.

Subsidiary: Uses the asset prefix listed on the subsidiary record and numbers according to the number of assets within that subsidiary.

Indicate the date the asset should have its cost capitalized - the Acquisition date or the In-Service date. The Acquisition Date should be chose if there exists assets where the costs are capitalized, but depreciation does not begin for one or more months.

Note that depreciation will always begin at the In-Service date.

Indicate whether users should be allowed to post depreciation entries by subsidiary instead of by asset.

Indicate whether your organization has a control against the deletion of journals. Note: when this feature is enabled, no system activities can be reversed.

Indicate the default date to book all transactions created by NetAsset. "From Asset Record" will set the transaction date based on the Asset Depreciation Schedule. "From Accounting Period" will set the transaction date based on the accounting period being run. 

Note: This setting can be used to run catch up entries in the current or any desired period that is open in NetSuite. To do this, you must set this to "From Accounting Period," then when running entries, you must do so through the "Process Monthly Journals" page in NetAsset. The resulting entries will all have a transaction date and posting period in the selected month.

Indicate the default day of the month to book all transactions created by NetAsset. For 4-4-5 (or similar) calendars a mid-month day (e.g. 15th) is recommended to ensure that the transaction books to the correct accounting period.

Note that capitalization journals will book on the capitalization date and go-live journals will book on the go-live date.

Indicate the asset transactions to automatically approve upon generation within the NetAsset module.

Note that systematic transactions are typically approved automatically, however, users may default to pending approval and plug into workflow or choose an alternative approval approach.

Specify the priority when running map/reduce scripts.

High: Use to mark critical scripts that require more immediate processing. These jobs go to the processing pool first.

Standard: This is the default setting. It is considered to be a medium priority level. These jobs go to the processing pool after all high priority jobs.

Indicate whether Rental Management should be enabled.

Indicate whether Usage Based Depreciation should be enabled. Note that usage can be tracked and added independent of depreciation as well.

Note that you may need to contact your NetAsset administrator to get this feature installed before enabling.

Indicate whether a "Build Up" button should be added to the asset record to allow a user to quickly build up the asset via clearing or CIP.

Indicate whether a "Dispose" button should be added to the asset record to allow a user to quickly perform a disposal of an asset.

Indicate whether a "Export" button should be added to the asset record to allow a user to quickly export the depreciation schedule for analysis or re-import.

Indicate whether a "Mass Asset Capitalization" button should be added to the Capitalize From Clearing/CIP pages.

Indicate whether a "Place On Hold" button should be added to the asset record to allow a user to quickly update the status of a "Pending" asset to "On Hold".

Indicate whether a "Revalue" button should be added to the asset record to allow a user to quickly perform an asset revaluation.

Indicate whether a "Split" button should be added to the asset record to allow a user to quickly split out an asset into multiple assets.

Indicate whether a "Transfer" button should be added to the asset record to allow a user to quickly transfer an asset to another subsidiary, department, class, and/or location.