Powerful enough to be more than just an asset depreciation calculator

NetAsset is an easy-to-use app embedded in NetSuite that simplifies and automates asset accounting through the entire asset life cycle

Group 592 asset-hero-mob
Automate asset accounting and free yourself from painful systems and spreadsheets
Comprehensive
Automated
Connected
Embedded
Affordable
Decentralized data gathering
Trouble-free
Secure
ah-1
ah-2
ah-3
ah-4
ah-5
ah-6
ah-7
ah-8

Trusted by hundreds of public and
private organizations world-wide

Mask Group-10
Mask Group-4
Mask Group-9
Mask Group-5
Mask Group-8
Mask Group-6
Mask Group-7
Mask Group-1
Mask Group
Mask Group-10
Mask Group-4
Mask Group-9
Mask Group-5
Mask Group-8
Mask Group-6
Mask Group-7
Mask Group-1
Mask Group
Mask Group-10
Mask Group-4
Mask Group-9
Mask Group-5
Mask Group-8
Mask Group-6
Mask Group-7
Mask Group-1
Mask Group
Group 112
Group 107
Group 106
Mask Group-2
Mask Group-3
Frame 109
Frame 175
Frame 116
Mask Group-7
Group 112
Group 107
Group 106
Mask Group-2
Mask Group-3
Frame 109
Frame 175
Frame 116
Mask Group-7
Group 112
Group 107
Group 106
Mask Group-2
Mask Group-3
Frame 109
Frame 175
Frame 116
Mask Group-7
avalara
Mask Group
Mask Group-1
Mask Group-2
Mask Group-3
Mask Group-5
Mask Group-6
Mask Group-4
avalara
Mask Group
Mask Group-1
Mask Group-2
Mask Group-3
Mask Group-5
Mask Group-6
Mask Group-4
avalara
Mask Group
Mask Group-1
Mask Group-2
Mask Group-3
Mask Group-5
Mask Group-6
Mask Group-4

See NetAsset in action

Configurable dashboard for full
visibility

Automated creation of depreciation
schedules

Everything related to the asset is easily input, linked to and
displayed throughout NetAsset such as child assets

Everything related to the asset is easily input,
linked to and displayed, such as vendor bills

Automated creation of journal entries

Asset modification such as revalue, dispose,
transfer, build up and split are fully supported

Sophisticated asset build up from your
clearing or CIP accounts

The journal entries and depreciation schedule updates are
automatically performed after each modification

Up to 10 alternative depreciation schedules are
supported for tax or localization requirements

Comprehensive reporting available
on day one

NetAsset has your assets covered from end to end

Supports entire asset life cycle

Every phase of the asset’s life is accounted for and forecasted, including capital build-up, in-service placement, depreciation & adjustments, asset maintenance, physical tracking, and reporting.

Embedded in NetSuite

As a Native SuiteApp, NetAsset puts asset accounting where it should be — in your core financial system. Install NetAsset, and Netgain’s accounting processes and automation will be embedded into your NetSuite account, eliminating painful reconciliations, integrations and concerns about security and data integrity common with third-party apps.

Construction In Progress (CIP) Build-Up

See aggregate project costs before placing an asset in service. CIP Build-Up functionality links costs to underlying projects or custom groupings in many-to-one relationships. Simplify tracking project costs and commitments against your budget by grouping all relevant costs into a single asset.

Proper segregation of duties across AP, Fixed Asset, Accounting & Facilities Teams

NetAsset leverages native NetSuite users and roles to ensure that each step in the process is performed by the right user. Rather than relying on large upfront data dumps, information is collected from employees assigned to the relevant role, simplifying workflows and ensuring greater accuracy of information.

Advanced reporting including Fixed Asset Roll Forwards and Waterfall reports

Crucial reporting functionality makes forecasting and auditing easy. Included with the suite of advanced reports, NetAsset creates Fixed Asset Roll Forward reports for auditibillity and reconciliations and Waterfall reports for forecasting depreciation expense.

Direct connection to vendor bills and projects

This built-in app keeps all upstream data together from final asset to original purchase order. Create many-to-one connections that automatically aggregate values, summarize into an asset record and link back to the source transitions.

Comprehensive physical asset tracking

In addition to native segmentation (by department/class/location), you can assign specific location details to assets and assign them to a specific employee. Add any number of additional attributes as well as tag IDs and information on when assets were last observed in place.

Intercompany asset transfers and eliminations

Simplify asset transfers and accounting between companies. Accurately transfer balances and go-forward depreciation expense across subsidiaries/classes/locations. Create assets that auto-eliminate on consolidation to prevent double-counting of assets.

Asset build-ups, splits, revaluations, disposals and true-ups

Enable a range of crucial asset accounting tools:

  • Build-up: Add additional costs and associations to an existing asset and prospectively update depreciation tables based on added information
  • Splits: Separate single asset into multiple assets, each with their own asset attributes
  • Revaluation: Write-up or write-down/impair asset values and change depreciation details
  • Disposals: Dispose of an asset, capture cash received/paid, auto-calculate gain/loss
  • True-ups: Create life-to-date adjustment entries to correct information errors from earlier in the process
Advanced alternative depreciation schedules and multi-book enabled

Supports multiple depreciation methods (formula-based or table-based) and supports U.S. federal MACRS tax tables as well as up to 10 alternate schedules for each asset. Allows up to 3 separate adjustment books to post book-specific transactions.

Bulk processing

Save time by performing widespread actions with just a few clicks. Create assets, generate depreciation schedules, queue additions for capitalization, book/approve journals, revalue, transfer, and dispose of assets in batches.

Robust end-to-end-audit trail

Our click-by-click audit trail provides detailed tracking to easily create detective controls within your internal control environment. Includes time and date stamp, shows changes made and identifies the user who made them.

Ready to talk?

Watch a video demo

WATCH NOW

Get in touch with us

TALK TO SALES
smily-girl-2
Ready to talk?

Watch a video demo

WATCH NOW

Get in touch with us

TALK TO SALES
smily-girl-2