NetAsset 2020.5

NETASSET VERSION 2020.5 KEY UPDATES

  • Asset Status Updates
    • New asset status flow
      • Pending -> Ready to Capitalize -> Capitalized  -> In-Service -> Fully-Depreciated
  • New Global Setting, Asset Capitalization Date, allows for assets to be capitalized, but not depreciated until a later date
  • Apply Custom Transaction Sourcing By Asset Type, Subsidiary, and/or Account
    • Allows users to customize the sourcing of certain fields upon transaction posting (capitalization, depreciation, etc.) to fire only for certain asset types, subsidiaries, or the specific account being hit
  • Updated record conventions
    • "NG Asset" prefixes changed to "NetAsset"
    • "In-Service Entry" changed to "Capitalization Entry"

WHAT DO YOU NEED TO DO?

  • Your NetSuite Administrator should update your NetAsset bundle (Customization > SuiteBundler > Search & Install Bundles > List)
  • Update the preferred form on the NetAsset Asset record to hide unused new fields from the release
  • Reach out with questions on any of the new features

MINOR UPDATES

  • 2020.5.1
    • Fixed issue with Roll Forward Report Period filter sticking
    • Fixed redirect after asset creation to go back to the correct asset screen
    • Fixed issue with building up fully-depreciating assets
    • Added duplicate detection for schedule entry lines
    • Removed negative asset setting
    • Added ability to add custom filters to Approvals screen
    • Fixed issue with True Up of assets with negative depreciation
    • Fixed issue with Transfer Destination information clearing out upon pagination
    • Updated Generate Schedules selection screen to only show Pending assets by default
    • Added G/L Impact Summary to Monthly Journal Processing screen
    • Monthly Journal Selection
  • 2020.5.2
    • Allow auto eliminations on intercompany transfers
  • 2020.5.3
    • Fix issue with Mid Month Cutoff
    • Fix issue with Custom Sourcing on Asset Creation
    • Fix issue with Mark All button on custom checkbox filters
  • 2020.5.4
    • Increased throughput on source transactions for single asset creation
    • Fixed issue generating alternate schedules on asset with a status of capitalized
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