NetSuite’s Fixed Asset Management Module (“FAM”) is a great tool to manage the full life of an asset. It gets a little tricky when you load in assets at mid-life. Several things can throw off your balances and values. Let’s say it’s been a few months since you’ve implemented the FAM module and you’ve run a few deprecation transactions with the module. You notice that the cumulative deprecation from your asset records do not match the cumulative depreciation on your Balance Sheet. Below are a few tips on how to troubleshoot and fix the issue.
