NetAsset - Gross Asset Additions
Purpose:
The Gross Asset Additions report is a NetSuite Transaction saved search that provides the gross asset amount due to asset additions for the selected period across each subsidiary and asset type
How To
Navigation:
NetAsset > Reports (Transaction Reports) > Gross Asset Additions > Run
Filtering:
The report search can be narrowed down by adjusting the filters for subsidiary, department, class, location, accounting period, or date. The report will automatically update as filtering options are selected.
Results
Upon running the report the user will see all asset additions in the selected period range. Each asset line item will include general information about the asset (Subsidiary, location, type, account #, etc.) and gross asset amount due to asset addition transactions. Select the Export button to download report into Excel.
Troubleshooting
1. If desired assets do not appear in the report, check the selected filters to ensure assets are not being restricted from view.
2. Variances in gross asset balances may occur if the necessary journal entries have not been posted i.e. NetAsset Capitalization Entry and NetAsset Build Up Entry.