Do I have to setup an asset type in respect of AC842 accounting for leases?

AI generated answer (using internal Slack threads):

Based on the conversations provided, it seems that when dealing with leases in the Fixed Asset Management (FAM) module of NetSuite, you do need to connect the asset type with the Asset Account on the lease. This is part of the process of linking an Asset to a Lease, which also involves running the Asset Proposal process. However, it's important to note that the FAM module is primarily used for recording equipment that your company leases from a vendor, not for equipment that your company rents out to customers. For the latter scenario, a different process is required, potentially involving the Sales Order (SO) module or a custom script. As for the question about AC842 accounting for leases, it's not explicitly mentioned in the conversations provided. However, given the context, it's likely that you would need to set up an asset type in respect of AC842 accounting for leases, as this would be part of the process of managing and tracking leased assets in NetSuite's FAM module. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******