Guidelines for Importing Mid-life Asset Records

You can import data using the CSV Import Assistant in NetSuite to create mid-life assets (assets that already started depreciating). For each asset record, a depreciation history record must be created to record the cumulative depreciation to date. You can import several depreciation history records for each asset, representing each prior period of depreciation.

Note:

The Acquisition History Record is automatically created if you define a depreciation start date for the asset.

You can use this template as a guide when you prepare the CSV import file for mid-life asset.

To import mid-life asset records, see Importing Fixed Asset Records. For mid-life assets that are linked to asset types with default tax methods (alternate depreciation), you must also update the tax methods. For more information, see Updating Tax Methods and Importing Tax Method Depreciation History Records.

Related Topics

• Setting Up the Fixed Assets Management System
• Setting CSV Import Preferences
• General Guidelines for Importing Fixed Asset Records
• Guidelines for Importing Fully Depreciated or Disposed Asset Records
• Importing Fixed Asset Records
• Importing Asset Depreciation History Records
• Updating Tax Methods
• Importing Tax Method Depreciation History Records
• Setting Default Values and Reference Types

General Notices