NetLease

NetSuite Lease Accounting Software

About NetLease

NetLease is a lease accounting software for NetSuite. NetLease is an ASC 842, IFRS 16 and GASB 87 compliant lease accounting tool built on the NetSuite platform. The software intends to address all areas of the lease accounting lifecycle, including transition, initiation, modification, and early termination.

Video Overview

NetLease for Lessee Features

  • Compliant with ASC 842, IFRS 16 & GASB 87 requirements for lessee accounting
  • Supports lease reporting & decision making throughout the entire lease lifecycle
  • Push-button reporting for FASB, IFRS and GASB disclosures
  • Full lease automation
  • Integrated AP management
  • Robust end-to-end audit trail
  • Manage lease modifications
  • Store and access key details and documents for each lease record
  • 100% Built for NetSuite (Verified Native SuiteApp)

NetLease for Lessor Features

  • Full lease automation
  • Automatically calculates implicit rates and discount rates
  • Integrated with native billing, inventory, and fixed asset management
  • Automatically classify leases (operating, sales-type, or direct financing)
  • Push-button reporting for both FASB, IFRS and GASB disclosures
  • Manage lease modifications
  • Robust end-to-end audit trail
  • Supports lease reporting & decision making throughout the entire lease lifecycle
  • Store and access key details and documents for each lease record
  • 100% Built for NetSuite (Verified Native SuiteApp)

Product Overview

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