EZ Assets Extension for NetSuite
ERP deployment can propel your operation forward or derail years of growth momentum. For executives overseeing this investment, the risk is undeniable. You need an implementation partner with expertise so that projects run on schedule, budgets stay on track and systems deliver promised returns.
When your accounting team tracks fixed asset depreciation, transfers and disposals in spreadsheets outside NetSuite, every monthly close cycle adds manual reconciliation work, audit risk and delayed financial reporting.
Strategic Information Group's EZ Assets Extension automates the complete fixed-asset life cycle inside NetSuite, eliminating spreadsheet dependencies while providing the real-time visibility finance leaders need to close books faster and support audit requirements confidently.
Automated Asset Creation From Your Existing Transactions
Manual NetSuite asset tracking begins the moment a capital purchase posts to your general ledger (GL). The EZ Assets Extension captures vendor bills, expense reports and journal entries automatically, creating fixed asset records directly from transactions coded to asset accounts. Optional approval workflows give finance teams control before depreciation begins, preventing errors from reaching the financial statements.
For construction-in-progress projects, merge multiple vendor bills into a single capital asset as costs accumulate. Combine transactions into a single depreciating asset or add costs to existing assets as projects progress, maintaining complete transaction traceability throughout the build cycle.
Full Life Cycle Depreciation and Transfer Management
This NetSuite depreciation software processes assets using Straight Line or Straight Line Pro-Rated methods with bulk processing that handles over 1,000 assets in a single run. Monthly depreciation journals generate automatically with complete audit trails linking each entry to its source asset.
Asset life cycle management extends beyond depreciation:
Subsidiary transfers: Move assets between legal entities with automatic journal entries and full GL reconciliation, supporting multi-entity organizations managing assets across subsidiaries.
Asset-type transfers: Reclassify assets between categories while maintaining depreciation history and recalculating future schedules based on new asset-type parameters.
One-click disposals: Process asset retirements with automatic gain/loss calculations and journal entries that clear asset accounts, accumulated depreciation and post differences to designated GL accounts.
These controls eliminate the manual journal entry work and reconciliation burden that typically requires dedicated accounting headcount during monthly close cycles.
Real-Time Asset Visibility That Shortens Financial Close
Manual spreadsheet tracking creates lag between purchases and depreciation, slowing your monthly close cycles and hiding real-time asset values. This NetSuite fixed assets module extension provides live asset registers showing current net book values, scheduled depreciation and disposal activity across all subsidiaries — critical components of effective enterprise resource planning (ERP) reporting. Export asset schedules, depreciation summaries and detailed registers directly to Excel for board reporting or audit documentation.
Finance teams gain an integrated financial management platform that unifies fixed asset data with general ledger balances. This eliminates the disparate systems that delay financial close and create reconciliation gaps.
Expert Implementation and 24/7 Support From Strategic
Strategic brings specialized expertise to fixed asset automation for NetSuite:
Proven track record: Strategic brings three decades of ERP services and software experience to NetSuite extension deployment for organizations managing complex fixed asset accounting requirements.
Implementer and reseller: We configure and deploy the EZ Assets Extension to match your chart of accounts, subsidiary structure and depreciation policies.
Fast deployment: Most NetSuite app extensions deploy in one day or less without disrupting ongoing operations.
24/7/365 support: SIGSERV Total Care for NetSuite ensures your fixed asset accounting stays automated, with a live support desk to back it up.
Expert resources: SIGSERV provides certified ERP specialists for less than the cost of a full-time internal hire, addressing the niche expertise gap without adding headcount.
Request Your EZ Assets Extension Demo
Strategic handles configuration and deployment of the EZ Assets Extension for automated depreciation, asset life cycle management and one-click transfers and disposals.
Reach out today to review your NetSuite fixed asset management extension needs and schedule your demo.
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