how to show NetSuite is configured to calculate and record the amortization for intangible assets.

AI generated answer (using internal Slack threads):

To show that NetSuite is configured to calculate and record the amortization for intangible assets, you need to ensure that the Amortization feature is enabled in your NetSuite account. This feature is part of the Advanced Financials package. Here are the steps to check if it's enabled: 1. Navigate to

Setup > Company > Enable Features

. 2. Click on the

Accounting

subtab. 3. Look for the

Amortization

option. If it's checked, then the feature is enabled. If you don't see the

Amortization

option, it might be because it's not included in your current licensing. You might need to get in touch with your account manager or NetSuite representative to include it in your package. Once the Amortization feature is enabled, you can use it to calculate and record the amortization for intangible assets. For example, you can use non-inventory item records to represent the asset records and use the amortization feature to recognize depreciation. You can also use custom records to keep track of assets. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******