NetAsset - Accum. Depr. Balances - Beg/End
Purpose:
The Accum. Depr. Balances report is a NetSuite Transaction saved search provides the accumulated depreciation balances through the period selected across each subsidiary and asset type.
How To
Navigation:
NetAsset > Reports (Transaction Reports) > Accum. Depr. Balances - Beg/End > Run
Filtering:
The report search can be narrowed down by adjusting the filters for subsidiary, department, class, location, accounting period, or date. The report will automatically update as filtering options are selected.
Results
Upon running the report the user will see the ending accumulated depreciation balances for the selected period across each subsidiary and asset type. Each asset line item will include general information about the asset (Subsidiary, location, type, account #, etc.) and the sum of accumulated depreciation. Select the Export button to download report into Excel.
Troubleshooting
1. If desired assets do not appear in the report, check the selected filters to ensure assets are not being restricted from view.
2. Variances in accumulated deprecation balances may occur if the necessary journal entries have not been posted.