NetAsset 2026.2

Automated Job Updates

  • Updated the NetAsset - Automation MR script to allow automation rules to run on a schedule rather than on the user event.

  • Added functionality to the NetAsset - Automation MR script to catch-up relevant open transactions that are missing NetAsset Inventory Reclasses.

Asset Creation Updates

  • Improved filtering on the Project Create Pages to allow text-only filtering. This reduces the number of requests to the server and filters the page faster.
  • Added validations on creation of assets to help prevent invalid Subsidiary/Accounting Book combinations.
  • Added a warning when creating an asset from the 'Create Single Asset' option on the Create Assets from CIP/Clearing page. There is now a check for an existing asset with the same combination, prompting the user to either edit the existing asset or continue with the new asset.
  • Added a new "Default Accounting Book" field to the Asset Type to allow a default accounting book to be set for the primary schedule of the asset.
  • Added out-of-the-box support for sourcing the vendor from the vendor listed on the source transaction.

Build Up Updates

  • Updated the Build-Up functionality to split the clearing/CIP accounts into separate accounts for each build-up transaction.
  • Added the option to allow the quantity of an asset to be adjusted when a build-up is processed on a per asset type basis. If the existing global setting is disabled, this can now be enabled per asset type; if the global setting is enabled it will be applied to all asset types.

Depreciation Updates

  • Added a new global setting "Generate Alternate Schedules Up To Date" to allow the user to generate alternate schedules up to a specific date, assisting with the processing time of alternate schedules.
  • Updated the Alternate Depreciation Schedule filter on the Generate Depreciation Schedules page to allow multiple selections.
  • Added support for summarized depreciation on multi-book assets (header only, summarized depreciation is not supported on multi-book assets where the book is set on an alternate schedule).
  • Added a warning when enabling summarized depreciation in setup, indicating it is not recommended unless asset volume exceeds 100,000 assets, as summarized entries are not tagged to individual assets and are harder to audit.
  • Added support for the Legacy Half Year convention on the NetAsset Type record. Selecting this option will retain the legacy method of setting the end of life date to June 30th.

Disposal Updates

  • Added a new "Preserve Residual Value on Disposal" NetAsset Setup option. When enabled, partially disposing of an asset scales the residual value estimate down in proportion to the gross value disposed, preserving the residual value percentage. This setting is turned on by default in new accounts.
  • Updated the Disposal suitelet to respect the mandatory fields set on the preferred disposal proposal form. Fields such as Reason, Note, Cash Received, and Cash Paid that are marked mandatory on the form are now required when entering a disposal.
  • Improved handling of newly created Disposal Proposal records by validating the disposal quantity and displaying an error on the associated asset record.

Grouped (FERC) Depreciation

  • NetAsset now supports grouped (FERC) assets, designed for rate-regulated utilities and other companies that follow Federal Energy Regulatory Commission accounting. Rather than depreciating each asset individually, assets are depreciated as a group by subsidiary and asset type, applying a group depreciation rate to the group's average gross balance, with depreciation journals generated per group and disposals retired against accumulated depreciation with no gain or loss recognized.

Import Tools

  • Added a new Bulk Custom Role Permissions Import tool, available from the Import Permissions section of the NetAsset System Setup page. The tool presents a single matrix of roles against every NetAsset custom transaction, custom record, and custom page (suitelet), allowing permission levels to be assigned across many roles at once instead of editing each role individually.

  • Added new wizard for importing NetAsset records from CSV or Excel files - linked on the Import Tools tab of the NetAsset Setup page.

Reporting Updates

  • Added the ability to schedule certain scripted reports (e.g. roll forward, waterfall) on a particular day of the month for a specific reporting range and have that report emailed to a set of recipients, with support for multiple scheduled reports from a single report record.
  • Reconfigured buttons on the scripted reports to more accurately describe whether the report will be previewed in the browser ('Preview' button), scheduled to run at a later date ('Schedule' button), or exported as a spreadsheet ('Export' button), and moved the expand/collapse buttons into the report header.
  • Added three new reconciliation reports to the Report Generator: Gross Asset Subledger to GL Reconciliation, Accumulated Depreciation Subledger to GL Reconciliation, and Net Book Value Subledger to GL Reconciliation. These reports compare NetAsset subledger balances to the general ledger to help identify discrepancies. The date filters default to the current accounting period, with the From Date falling back to the NetAsset go-live date when left blank.
  • Added a new WATERFALL function to the Report Generator for custom report queries. The function expands into one summed column per month, quarter, year, or accounting period between the report's From and To dates, plus a "Thereafter" column that totals everything after the range.
  • Added the ability to specify a pointed WHERE clause in the SQL query for the Report Generator.
  • Updated the Report Generator so that manually changing the From Date or To Date clears the Accounting Period filter, keeping the selected filters consistent.
  • Updated all scripted report exports to show the filters used at the top of the report.
  • Added a new column to the Asset Register Report to show the depreciation expense activity for the asset, which can differ from the accumulated depreciation activity in some cases such as asset merges or transfers.
  • Updated the Asset Register Report transfer balances to use the activity instead of the last balance to calculate the column values. This will help assist with the display of asset merges to better reflect the actual balances.
  • Added a new group by option "Current Asset Type" to the NetAsset Reports. This allows the current asset type to be grouped by rather than the historical movement of the asset type.
  • Added support for adding custom filters to query type reports.

Revaluation Updates

  • Replaced the Accounting Book and Alternate Schedule fields on the Revaluation Proposal with a single Depreciation Schedule dropdown. The new field offers - All - (the main book and every alternate schedule), - Main - (the main accounting book only), or a specific alternate schedule, and is used consistently across the Revaluation Proposal record, the Asset Revaluation page, and the Build Up page. Existing revaluation proposals are stamped with the new Depreciation Schedule automatically on upgrade.
  • Added a new field "Gross GL Impact" to Write-Down revaluations. This allows the user to move the accumulated depreciation to impairment proportionally to the write-down amount.
  • Added a new field to the Revaluation Proposal to force the clearing/construction-in-progress account to match the new gross asset value.

Script Processing Updates

  • Added a new global setting "Disable Deployment Role Update" that will prevent the script deployment run as role from being updated when the bundle is updated.
  • Added a new button to the NetAsset System Job record to allow the user to view the results of the script processing if the page was navigated off of.
  • Added formatting to the parameters of the system job to make it easier to read.

Tax Updates

  • Updated partial period disposal on Tax Schedules to split the impacts into distinct partial periods, correcting gain/loss calculations when multiple partial disposals occur within the same period.
  • Added the ability to ignore non-build up revaluations when generating alternate tax schedules.
  • Updated the tax import tool to add 150 MACRS methods and ADS methods, and added a filter between depreciation types.
  • Added Taxpayer as an out of the box filter to the Tax Register Report.

Time Machine Updates

  • Updated logic for "- Full Rewind -" option of Time Machine to handle untagging of originating transactions from any Build Ups that were reversed.
  • When using the Time Machine to refresh an asset, usage assets will now remove usage during the date range of the refresh.

Transaction Processing Updates

  • Added a new Journal Processing page, which revamps the Journal Suitelet by asynchronously loading the schedule lines to improve performance and reduce the chance of errors.
  • Updated journal processing to move the transaction date to the earliest open period date if the journal fails to post on the current date.
  • Improved journal processing by applying filters used on search.
  • Updated the Selected Period selection in the Posting Period preferences to always post to the selected period, rather than only when the date range was locked.
  • Updated the Locked Period Posting Preference to apply booking day when originating transactions are set to be posted to a locked period.
  • Added a retry mechanism to the Direct Expense transactions to mark the transaction as processed.
  • Added support for Multi-Book reversal journals on alternate schedules 4 - 10.

Transfer Updates

  • Added a new field "Transfer Note" to the Transfer suitelet and the NetAsset Transfer Proposal form to capture any relevant notes to document the rationale for the transfer.
  • Improved default values of Transfer Proposals when custom sourced fields are used. The old fields will be populated based on the custom sourcing rules upon creation.
  • Added a warning to intercompany transfers when an Accounts Receivable or Accounts Payable account with elimination enabled is used on a book-specific journal for a multi-book accounting book.

Misc.

  • Added new Release Notes page embedded in the product, which displays all NetAsset release notes in one searchable view, indicates the version currently installed in your account, and includes a "Pull Future Release Notes" button to preview upcoming releases published by Netgain.
  • Deprecated the "Send Release Notes to" subtab on the Manage Upgrades tab in NetAsset Setup in favor of in-app messaging.
  • Various bug fixes (see minor release notes).
  • Fully tested for the NetSuite 2026.2 release.
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