During the course of managing your assets in NetSuite’s Fixed Asset Management (“FAM”) module, you are bound to revalue a few assets. Revaluing an asset means the current value of the asset is more or less than the original cost, the asset life has changed, depreciation method has changed, or the residual value has changed. NetSuite’s FAM module can help you revalue and post the correct GL impacts to your financial statements. If you would like to learn how to revalue an asset in the FAM module, please visit SuiteAnswers: Revaluation of an Asset (https://suiteanswers.custhelp.com/app/answers/detail/a_id/19284/loc/en_US).
Have you ever wanted or needed a quick comparative view of your Intercompany transactions between your subsidiaries? One way to achieve this is through the use of CASE Statements in Saved Searches. What is a CASE Statement? A CASE Statement is similar to that of an if-then-else statement. You may have encountered this in spreadsheets. In NetSuite, it’s an available function that allows you to program conditions to return values when those conditions are met. So, when a condition is true, NetSuite will provide the results based on those conditions. You can have multiple conditions in one CASE Statement.