FAM Overview
NetSuite Fixed Assets Management (FAM) tracks capital assets throughout their lifecycle and automates depreciation calculations.
FAM Capabilities
- Asset acquisition and capitalization
- Multiple depreciation methods (SL, MACRS, DDB)
- Book vs tax depreciation tracking
- Asset transfers and disposals
- Impairment handling
- Fixed asset register reporting
Coming Soon
This appendix is under development. Full content will include depreciation examples and setup guides.
Asset Types
Configure asset types to group assets with similar depreciation rules. Common types include buildings, equipment, vehicles, and furniture.
Depreciation Methods
FAM supports multiple depreciation methods including Straight Line, Declining Balance, Sum of Years Digits, and MACRS for US tax purposes.
Asset Lifecycle
Track assets from acquisition through disposal: create asset records, run monthly depreciation, handle transfers, and record disposals.
FAM Reporting
Generate fixed asset register, depreciation schedules, book vs tax comparison, and disposal reports.