The standard NetSuite FAM module offers pre-built reports such as:
- Asset Listing
- Depreciation Schedule
- Asset Disposal Summary
- Asset Revaluation

Standard NetSuite FAM automates depreciation using methods like Straight-Line, Double-Declining Balance, and Sum-of-the-Years-Digits.

Yes, you can categorize assets using Asset Types and customize fields and tags. However, standard NetSuite FAM doesn’t support multi-level categorization—this can be addressed with our tailored solution.

While NetSuite doesn’t offer a standard CWIP process, our customized solution enables capitalizing CWIP assets and converting them to full assets upon completion.

NetSuite’s native FAM module has limited reporting options. To overcome this, we developed a custom Fixed Assets Register (FAR) report that consolidates asset cost, depreciation, and net book value into one report, improving efficiency and offering better business insights.

The FAM module offers pre-built reports such as:
- Asset Listing
- Depreciation Schedule
- Asset Disposal Summary
- Asset Revaluation

FAM automates depreciation using methods like Straight-Line, Double-Declining Balance, and Sum-of-the-Years-Digits.

By default, NetSuite doesn’t automatically account for the remaining depreciation at the time of asset sale/disposal. Our custom solution automatically posts for the remaining depreciation, ensuring accurate financial reporting.

The standard NetSuite FAM module lacks automation for CWIP conversion. Tvarana's custom solution automates the conversion of assets from CWIP and vice versa, reducing manual input and improving financial accuracy.

NetSuite’s standard FAM module only supports basic asset categorization. Tvarana has customized the system to allow sub-categorization of assets, improving asset grouping and reporting.