NetSuite - Fixed Assets Management
Report Yud Alef Form directly from NetSuite
This module provides you an easy to manage single version of the company's owned and leased assets, a flexible depreciation and amortization schedules, seamless integration with NetSuite core accounting functionality including multiple depreciation calculation types, handling of depreciating and non-depreciating assets, maintenance schedules, lease accounting and insurance.
Asset Management
Single version of your company's owned and leased assets in one place
Flexible Schedules
Flexible depreciation and amortization schedules
Seamless Integration
Integration with NetSuite core accounting functionality
Multiple Calculation Types
Multiple depreciation calculation types and asset handling
The Challenge
However, NetSuite localization does not include fixed assets "Yud Alef Form". iCloudius has developed the option to generate the annual statutory fixed assets report to the IRS (Yud Alef Form) directly from NetSuite.
iCloudius "Yud Alef" Solution
To manage all your group assets in one place you need our iCloudius' "Yud Alef" functionality feature* on top of NetSuite localization module to complement your capabilities.
Key Features:
Based on Subsidiary, Accounting book and Start date/End date
Direct generation of annual statutory fixed assets report
Full compliance with Israeli IRS requirements
Seamless integration with NetSuite localization module