NetAsset for NetSuite
Fixed asset accounting software built for NetSuite
Tired of dealing with generic fixed asset accounting solutions that don't fit your company's unique needs? That's why NetAsset offers the flexibility to customize asset adjustments, depreciation, and reporting—without leaving NetSuite.
Common fixed asset management challenges for accounting teams
Accounting teams face mounting pressure to maintain accurate records, manage compliance, and close the books faster—all while balancing growing asset portfolios. Here are some of the most common challenges for accounting teams.
Explore how NetAsset transforms fixed asset accounting
NetAsset eliminates the complexity of asset management by bringing all your asset data, workflows, and reporting directly into NetSuite, helping accounting teams work faster and smarter.
Centralize fixed asset management
Manage every fixed asset, from acquisition through retirement, in one NetSuite-native environment to ensure accuracy and eliminate duplicate data.
Automate depreciation schedules
Automatically calculate depreciation across multiple books and methods, ensuring compliance and consistency while reducing manual effort.
Close the books faster
Gain real-time insights, generate audit-ready reports instantly, and close with complete confidence.
Black Hills Works cut asset creation time in half with NetAsset
Black Hills Works, a nonprofit serving more than 600 individuals with disabilities in South Dakota, needed a better way to manage its growing number of fixed assets within NetSuite. Their previous process involved manually creating assets and reconciling data, leading to inefficiencies and inconsistencies across departments.
With NetAsset, Black Hills Works streamlined fixed asset creation and management within a single system. The organization significantly reduced asset creation time, improved visibility into fixed asset data, and increased reporting accuracy across its entire portfolio. Now, their accounting team spends less time on manual entry and more time on strategic financial management.
Give NetAsset a try with our interactive fixed asset accounting software demo
Experience the power of automated depreciation, centralized data, and streamlined workflows—all built natively into NetSuite to make asset management effortless.
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Companies trust NetAsset
Why choose NetAsset?
Explore the benefits of fixed asset accounting software
Flexibility and customization
Not all companies deal with fixed assets in the same way. Harness flexible asset adjustments and a wide array of depreciation methods to customize your processes and reporting to fit the unique needs of your company.
Accurate and insightful reporting
Make forecasting and auditing easy with crucial advanced reporting functionality, including fixed asset roll forward reports, waterfall reports, and more.
Perform actions at scale
Seamlessly scoop up transactions meant for fixed assets and combine them to create a single asset or add the costs to an existing asset. Ensure each asset has a clear link to all source transactions and that all costs are quickly and effortlessly allocated to the correct asset.
Cross-team visibility
With NetAsset embedded in NetSuite, your team gains centralized access to all asset information in one platform. Enhance collaboration and communication without ever stepping outside NetSuite.
CIP build ups
With NetAsset, you access the easiest, one-step process to aggregate and capitalize construction in progress (CIP) directly inside NetSuite.
Extend asset life with smarter maintenance
Schedule and track routine maintenance while managing ad-hoc requests to maximize asset lifespan, ensure consistent quality, and reduce unplanned repairs or replacements.
Fixed asset accounting software FAQs
Fixed asset accounting software is designed to help organizations record, manage, and depreciate their assets throughout their lifecycle. It ensures compliance with accounting standards while simplifying asset tracking, valuation, and reporting.
Tracking fixed assets involves recording detailed information about each asset—its purchase cost, depreciation method, location, and useful life. With NetAsset, all of this information is stored and updated directly in NetSuite, providing a single source of truth across your organization.
While some free tools exist, they rarely integrate with enterprise systems or meet compliance and reporting requirements. For accounting teams working in NetSuite, a native solution like NetAsset offers greater reliability, automation, and audit readiness.
NetAsset is the top-rated fixed asset management solution built exclusively for NetSuite. It provides deep functionality, flexible depreciation options, and powerful reporting—all within the NetSuite environment.
NetAsset stands out because it’s built natively for NetSuite, not bolted on. It gives accounting teams everything they need—automation, compliance, real-time reporting, and scalability—to manage fixed assets confidently and efficiently.
In NetAsset, you can combine multiple transactions or project costs to form a single asset record or easily add new expenses to existing ones. This is especially powerful for construction in progress (CIP), which can be capitalized seamlessly using the built-in CIP buildup functionality.
Automation begins with embedded workflows. NetAsset automatically calculates depreciation, creates journal entries, and updates asset records in real time. You can even leverage AI-driven insights to optimize asset utilization—learn more about AI in asset management.
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