AI generated answer (using internal Slack threads):

****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ****** To add preexisting leases into NetSuite's Fixed Asset module, you would need to manually create the assets in the Fixed Asset Management (FAM) module. However, it's important to note that the FAM and core NetSuite integration only goes one way, from GL/AP to FAM. If you directly add an asset in the FAM module, there's no function that adds that value to your ledger automatically. You'd need to make a manual Journal Entry (JE) to do so and then you'll need to reject the proposal that results from it. Here are the steps to add a preexisting lease into NetSuite's Fixed Asset module: 1. Navigate to Fixed Assets > Lists > New. 2. Fill in the necessary fields such as Asset Name, Asset Type, Asset Account, etc. 3. Save the record. After creating the asset, you need to create a manual Journal Entry to reflect the asset on your balance sheet: 1. Navigate to Transactions > Financial > Make Journal Entries > New. 2. In the Account field, select the Fixed Asset account. 3. Enter the amount of the asset in the Debit field. 4. In the next line, select the account to credit and enter the same amount in the Credit field. 5. Save the record. Remember, NetSuite is set up expecting that Fixed Asset adds are going to originate from vendor bills and JEs. If you don't do it that way, reporting and the ledger are going to get out of sync unless you keep a really close eye on it. For managing a fleet of leased equipment, you might want to consider using a third-party application like NetGain and their NetLease product. This can help you properly depreciate fixed assets while also tracking who is holding those fixed assets on your behalf. Please note that this process requires a good understanding of your company's accounting practices and NetSuite's Fixed Asset Management module. Always consult with your NetSuite Administrator or a NetSuite Professional before making changes to your NetSuite environment.

Slack thread 1: here (available only if the original thread was posted in the last 90 days)

Similarity score: 0.844684899

Slack thread 2: here (available only if the original thread was posted in the last 90 days)

Similarity score: 0.836508811

Slack thread 3: here (available only if the original thread was posted in the last 90 days)

Similarity score: 0.83132112

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Slack thread 1: here (available only if the original thread was posted in the last 90 days)

Similarity score: 0.844684899

Slack thread 2: here (available only if the original thread was posted in the last 90 days)

Similarity score: 0.836508811

Slack thread 3: here (available only if the original thread was posted in the last 90 days)

Similarity score: 0.83132112

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