BTC Japan-specific Withholding Payment
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Inspirage: Oracle WMS Cloud & NetSuite Integration Solution

BTC Japan-specific Fixed Assets

Status: Unverified

Normally, balance sheet and profit and loss statement only indicate the total amount of Building, Vehicles and Depreciation Expense. The corresponding breakdown can not be understood. By NetSuite unitary management system, our fixed asset management solution visualizes the calculation basis, such as the acquisition cost of each fixed asset, depreciation expense, disposal processing etc. 　　 In addition, it creates journals automatically from purchase to retirement of fixed assets and reflects the journals in the fixed asset register.　However, the depreciation rate, useful life, depreciation method, account item, etc. can be set up freely. Depreciation, impairment and retirement processing of fixed assets are also automated.　 With this solution, acquisition of fixed assets is achieved at the time of preparing purchase orders, and fixed asset lifecycle journal is fully automated. Therefore, it is unnecessary to integrate data with “fixed asset module” and “other module” in customer’s existing NetSuite.

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Description

Brief Description

BTC’s FA application is a Japan-specific module to support Japan’s fixed asset system. Both National Fixed Assets Tax return reporting and Local Fixed Assets Tax return reporting are supportted.

Key Benefits

BTC’s FA extends the standard module, enable customer to manage funcations such as amortization, retirement, and impairment accounding to japan’s rule.

Key Operation

Select a fixed asset category in the purchase order or the payment invoice, to automatically reflect to fixed asset ledger. Automatically created journal entries of fixed assets, manually journal entry is not required.

FEATURES

Uniform management

To visualize the basis of the cost for the fixed assets, such as retirement, depreciation and amortization processing for the calculation, will be uniform managed in NetSuite.

Accounding to japan's rule

Enable customer use retirement, depreciation and amortization feature in Fixed Assets system accounding to japan's rule.

Automatically creating a journal

Automatically creates a journal from the purchase of fixed assets up to retirement, to reflect to the fixed asset ledger. It should be noted that depreciation rate, useful life, depreciation method can be set freely. In addition, depreciation ,amortization and retirement of fixed assets can be automatically run.