ANS-0804 · ACCOUNTING & FINANCIAL CONFIGURATION
How to Dispose of a NetSuite Asset as a Write-Off Without an Invoice?
Learn the straightforward process to write off a fixed asset in NetSuite, ensuring no associated invoice is generated during the disposal.
Short answer
To dispose of a NetSuite asset as a write-off without generating an invoice, navigate to the Asset Disposal screen. On this screen, simply change the 'Disposal Type' field to 'Write Off'. This action will complete the asset's write-off process, ensuring no invoice is created for the transaction.
Scenario
Organizations often need to remove fixed assets from their books when they are no longer in use or have lost value. A common requirement is to dispose of an asset by writing it off, specifically without the system automatically generating an invoice for the disposal transaction.
Solution
To dispose of an asset as a write-off in NetSuite without creating an invoice, follow these steps:
Navigate to the Asset Disposal screen.
On the Asset Disposal screen, locate the 'Disposal Type' field.
Change the 'Disposal Type' to 'Write Off'.This action will successfully write off the asset, ensuring that no invoice is generated as part of the disposal process.
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