In NetSuite there are 2 methods to generate Fixed Assets:

• Manual – create a new asset record directly within the FAM – NOT RECOMMENDED
• Asset generation from an invoice – assets are proposed and then generated from invoices coded to fixed asset GL accounts.  RECOMMENDED METHOD

Use the “Propose Assets” > “Generate Assets” workflow.

QUICK TIP: In some places, the Fixed Asset Module does not use our renamed MakeWay segments (i.e. we use “Award” vs “Class” in NetSuite). The new names are shown on the Fixed Asset record, but some transactions, such as “Asset Transfer” were not editable. See the [LINK]Transaction Name Mapping Table to see standard naming conventions.