How match FAM open balance with trial balance without creating an assets

AI generated answer (using internal Slack threads):

To match FAM (Fixed Asset Management) open balance with trial balance without creating an asset, you need to ensure that the depreciation history is correctly imported into NetSuite. This is crucial because it tells NetSuite how much the asset has already depreciated, the Net Book Value (NBV), and so on, allowing NetSuite to create a new schedule correctly for future depreciation. The depreciation history import is meant to record the cumulative depreciation of the asset to date. It will not mess with your General Ledger (GL) accounts as it will not create journal entries for it. This means that if you have been maintaining your assets and their depreciation in spreadsheets and importing the depreciation journals, you can continue to do so without creating an asset in NetSuite. If you don't have the FAM module, 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. Remember, the key is to ensure that the depreciation history is correctly recorded and imported into NetSuite. This will allow you to match the FAM open balance with the trial balance without creating an asset. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******