Accounting SuiteApps
Following are the 2025.1 accounting enhancements to SuiteApps:
Fixed Assets Management Enhancements
NetSuite 2025.1 includes the following enhancements to the Fixed Assets Management SuiteApp:
System Setup Page Redesign for Redwood Experience
The System Setup page has been redesigned to ensure seamless integration with the Redwood Experience. To improve the System Setup page layout, the following settings in the General tab are further organized into the following subtabs:
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Asset Setup – This subtab contains settings for asset and accounting period set up.
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Asset Management – This subtab contains settings for asset depreciation, disposal, proposal or creation, revaluation, and transfer.
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Lease Setup – This subtab contains settings related to leases.
For more information, see Fixed Assets General Preferences.
Mid-life Leases
Expanding on the Lease Accounting feature, the latest version of the Fixed Assets Management SuiteApp introduces the ability to add mid-life leases to NetSuite. This capability enables users to integrate leases that were initiated and recorded outside the system into NetSuite’s lease management framework. The Mid-Life Lease box on the Lease record specifies whether the lease being created is a mid-life lease. You can also indicate the Prior Interest Periods Recognized for the lease, ensuring that the system does not record previously recognized periods.
For more information, see Creating a Lease Record.
Benchmark 360 Enhancements
The Benchmark 360 v1.0.2 contains the following enhancements:
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New Redwood Experience Theme for Benchmark 360 Dashboard-The new Redwood Experience Theme for Benchmark 360 SuiteApp offers a clean style that adapts to various layouts, providing fresh look and feel.
To enable the Redwood Theme Experience in your account, go to Home > Set Preferences. On the Appearance tab in the Redwood Experience area, click Enable.
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Updated Employee Turnover Rate Calculation Parameter-The Employee Turnover Rate calculation now considers terminated employees with either Active or Inactive status when retrieving values for the Employees Who Left the Company criterion. An employee is considered active if the value for the Release Date field on the employee record is blank. Otherwise, the employee is classified as terminated.
Previously, terminated or resigned employees must have an Inactive status to be included in the calculation criterion. See, Employee Turnover Rate Calculation.
For more information, see Benchmark 360.