NetLease

NetLease is a comprehensive lease accounting solution designed to streamline compliance with the latest lease accounting standards, including ASC 842 and IFRS 16. Built directly into the NetSuite platform, it offers full visibility into right-of-use asset and lease liability calculations, making it an ideal tool for managing complex leases.

Key features of NetLease include the ability to handle fixed payments, lease incentives, prepayments, rent holidays, and other lease-related complexities. It also supports tracking of non-GL leases and automates the creation of monthly transactions during the period-end close process. Additionally, NetLease provides detailed disclosures required under the new standards and captures non-financial data such as holdover provisions, renewal options, guarantors, and expected lease costs.

By integrating seamlessly with NetSuite, NetLease leverages the existing ERP infrastructure to provide a scalable, cost-effective, and easy-to-use solution. This integration ensures that users can manage their lease accounting lifecycle efficiently, from lease initiation to modification and termination. NetLease is particularly beneficial for organizations seeking to enhance their financial reporting and compliance capabilities while maintaining a streamlined workflow within their current NetSuite environment.

Website: netgain.tech

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