To use NS Fixed Assets…or Not to use NS Fixed Assets?
The starting point in answering this question is simple.
How many Assets do you manage currently, and how many people are dedicated to managing them?
As a module, NetSuite Fixed Assets is fine but it is definitely designed for the bigger and most complex Fixed Asset use case. The module provides a rich feature set but is arguably complete over kill for most SME businesses.
The alternative is a more simple ‘ER Fixed Asset’ solution incorporating the basic features of buying an asset, administrating and depreciating that asset, and disposing of an asset. You’ll only have the choice of 1 depreciation method ‘straight-line’ and you’ll have to use a ‘like excel’ approach to using it. Although the feature set is limited, it’s light, fast, easy to use and cheap!
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