NetAsset - Disposal Proposals
Use Case: Disposals need to be made in mass or individually.
Create Disposal Proposals
Step By Step Process:
- Disposal proposals will be uploaded to NetSuite using native CSV import functionality.
- Fill out the disposal proposal import file as follows:
| Field | Description | Example |
|---|---|---|
| Status | Select Pending or Approved depending on if the proposal should be approved in NetSuite before posting. | Approved |
| Asset | Enter the asset ID followed by the Asset name. Alternatively, use the Internal ID for the asset record. (Using the ID is best practice). | FA0123 AssetName |
| Disposal Date | Enter the effective date for the disposal. | 1/1/2020 |
| Disposal Quantity | Enter the quantity to be disposed (out of the total quantity entered on the asset record). Can be a percentage. | 1 |
| Cash Received | Enter the dollar amount of cash recieved in the disposal transaction. | 1000 |
| Cash Paid | Enter the dollar amount of the cash paid in the disposal transaction. | 0 |
| Reason | Drop down field of disposal reasons options entered into NetSuite. Choose one. | Scrap |
Import File
Reach out to your implementation team to receive the disposal proposal import file. Alternatively, you can create your own in excel using the example. Make sure to save as CSV file before attempting to upload.
- Navigate to the Setup > Import/Export > Import CSV Records.
- Select Custom Record and then NetAsset Disposal Proposal. Select the upload file. Click Next. Remember to delete the second row with the required/option information.
- Select Add, then click Next.
- Fields will map automatically like below:
- Click Next. Then click Run. The proposals will be uploaded to NetAsset.
Process Disposal Proposals
- Navigate to NetAsset > Update or Modify Assets > Dispose Assets.
- Click Proposals Only at the top of the screen. This will bring you to a screen that shows all disposal proposals entered into the system that need to be processed.
- Select the proposals to be ran. Click Dispose. If not approved, they will need to be approved after processing.
- Disposals will process. Journal entries will run as needed and schedules will be regenerated based off the disposal date.
- Disposal can be reversed by clicking the button at the top of the asset screen.