FAM – Migration of Mid-life Assets

 Import Preference for New Assets 
If we are importing mid-life assets, set these preferences as follows: 

  • In Setup > Import/Export > CSV Import Preference, check the Run Server SuiteScript and Trigger Workflows box. 
  • In Fixed Assets > Setup > System Setup, clear the Run Server Script on CSV Import box. 

Guidelines for Importing Mid-life Asset Records 
We 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. We can import several depreciation history records for each asset, representing each prior period of depreciation. 

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

For mid-life assets that are linked to asset types with default tax methods (alternate depreciation), we must also update the tax methods. 

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