What is NetLease by Netgain?
Netgain's NetLease Management Tool offers a comprehensive solution for businesses of all sizes to streamline and automate their lease accounting processes. Designed to address the requirements of the new lease accounting standards, such as ASC 842, IFRS 16, and GASB 87, NetLease seamlessly integrates with the NetSuite platform, providing a centralized and compliant approach to managing lease data, reporting, and decision-making
Highlights
- Automated lease amortization schedules and required disclosures: With a simple data entry process, NetLease generates accurate lease accounting schedules and the necessary financial disclosures, streamlining the reporting process
- Comprehensive support for lease types: NetLease accommodates both operating and financing leases, ensuring businesses can manage their entire lease portfolio effectively
- Integrated with NetSuite: For NetSuite users, NetLease enables the integration of lease accounting directly into the core financial system, allowing for automated posting to the general ledger and comprehensive drill-down capabilities
- Audit-ready features: NetLease provides a complete audit trail, roll-forward and waterfall reports, and support for lease modifications and terminations, making it a valuable tool for compliance and audit requirements.