Hello, has anyone here setup alternative tax depreciation methods for fixed assets in NetSuite successfully? I am trying to setup some methods using the Annual Depreciation, Monthly Posting period and I can not get the assets to depreciate correctly with the proper amount. Thank you.

post this in the fixed assets channel. @Karina will see it there

thank you, @C_Billings 🙂 @Phillip - is this for tax purposes? asking because alt depr is non-posting activity

@Karina It is for tax purposes. we would like to move our tax schedules out of excel. Have you successfully setup 200DB or 50% bonus with 200DB schedules? I can not get these setup monthly

@Phillip - ahhhh, you are correct, DD does not work on monthly

@Karina Is that a NetSuite system limitation? I am trying to get the amounts for 200DB to match. it works for annual setup but not for annually, monthly depreciation

well, yes, limitation 😞. if you are trying to be fancy with FAM it does not take it lightly..

for tax return purposes we show monthly but use a half year method

aah, well, cannot successfully do monthlies with DB method 😞