Netgain Blog
Top 9 accounting certifications to advance your career [2024]
Find out how industry-leading accounting certifications can boost your career and salary — and how practical tech skills complement your accounting theory.
Nathalia Velez Ryan
and
Brittley Eldredge
Explore expert insights and industry trends
Discover the latest trends and expert insights in finance and accounting, tailored to help you stay informed and ahead of the curve.
Top 9 accounting certifications to advance your career [2024]
Find out how industry-leading accounting certifications can boost your career and salary — and how practical tech skills complement your accounting theory.
Nathalia Velez Ryan
, CPA
and
Brittley Eldredge
, CPA
7 best bank reconciliation software [2024]
Compare the best bank reconciliation software on the market for 2024 and see how the right tool can save you time and errors on your reconciliations.
Morgan Hunsaker
, CPA
and
, CPA
How to streamline your bank reconciliations in NetSuite with automation
Discover how you can simplify the monthly bank reconciliation process with automated transaction creation and matching solutions.
Nathalia Velez Ryan
, CPA
and
, CPA
11 best cash management software [2024]
Need to optimize your cash management processes? Discover the 11 best cash management software for businesses in 2024.
Morgan Hunsaker
, CPA
and
, CPA
How to simplify and automate recurring bank transfers in NetSuite
This post will explore the challenges of recurring transfers, the benefits of automating the process, and how to leverage NetSuite-embedded solutions.
Nathalia Velez Ryan
, CPA
and
, CPA
The 7 best fixed asset management software [2024]
Optimize your physical assets' tracking, maintenance, and depreciation and stay compliant with the best fixed asset management software.
Trevor Arndt
, CPA
and
, CPA
How to prepare the perfect year-end close [3 tips + a checklist]
Follow these three tips to make your year-end close process clean, easy, and worry-free. Spoiler: the secret is to stay on top of the monthly close.
Vincente Herrera
, CPA
and
Nathalia Velez Ryan
, CPA
How to build a better month-end close process in two steps
With these best practices, you can transform your close process from a repetitive, time-consuming task into a streamlined, efficient process free of errors.
Jace Chambers
, CPA
and
, CPA
11 ways NetClose simplifies the month-end close process (according to our customers)
NetClose takes the manual tasks out of your financial close. Discover our customers’ favorite NetClose features, according to their G2 reviews.
Nathalia Velez Ryan
, CPA
and
, CPA
How automating the month-end close process can transform your accounting team
This blog post explores how automating the monthly close process can transform your accounting team, boosting efficiency, accuracy, and morale.
Adam Riches
, CPA
and
, CPA
From surviving to thriving: How accountants can find work-life balance during the month-end close
This blog post explores practical tips for stress management, time management techniques, and how leveraging technology can enhance efficiency.
Mandy Schnirel
, CPA
and
, CPA
What is open banking? Everything accountants need to know
In this post, we'll define the basics of open banking and how it works, explore its benefits, and show you how it can enhance your workflows.
Nathalia Velez Ryan
, CPA
and
, CPA
Exploring operating vs. finance lease journal entries and amortization calculations
Learn the differences between operating leases and finance leases, the right journal entries under ASC 842, and the financial statement impact.
Brittley Eldredge
, CPA
and
Nathalia Velez Ryan
, CPA
SuperSync vs. Celigo for NetSuite e-commerce integrations
NetSuite integration connectors handle the technical complexities of ecommerce integrations for you. Read about SuperSync and Celigo and how to choose.
Brooks Flanagan
, CPA
and
, CPA
How loan management software can revolutionize your accounting processes in NetSuite
Discover how loan management software embedded directly in NetSuite can help simplify and automate your loan management processes.
Morgan Hunsaker
, CPA
and
, CPA
Custom, prebuilt, and iPaaS NetSuite integration: Which is right for your business?
Explore the most common types of NetSuite integrations, the pros and cons of each, and how to choose the best fit for your business needs.
Brooks Flanagan
, CPA
and
, CPA
Netgain Appoints Roman Bukary as Chief Revenue Officer
Netgain is excited to announce the appointment of Roman Bukary as Chief Revenue Officer, underscoring Netgain’s commitment to innovation and growth.
Mandy Schnirel
, CPA
and
, CPA
ASC 842 lease accounting: A complete guide for businesses
This post provides a practical overview of the ASC 842 standard, its implications for your accounting processes, and how accounting software can help.
Brian Jones
, CPA
and
Nathalia Velez Ryan
, CPA
How to integrate ProPack with NetSuite using SuperSync Integrations
Integrating ProPack with NetSuite allows you to automate inventory, orders, and shipping, freeing up time and resources. Learn how with SuperSync.
Brooks Flanagan
, CPA
and
, CPA
How to make roll forward reports and the CIP process easier in NetSuite
Learn the basics of fixed asset roll forward and CIP processes and how to easily create these reports in NetSuite with NetAsset.
Austin Dorman
, CPA
and
, CPA
Modern accounting: How accounting technology is changing the industry
Adopting modern software can transform the role of accountants. Let’s dive into how technology is leading the evolution of the accounting industry.
Adam Riches
, CPA
and
, CPA
The history of accounting technology: From clay counters to cloud software
Trace the history of accounting tools from the birth of the practice to the technological innovations of the present.
Adam Riches
, CPA
and
, CPA
Netgain Expands Global Footprint with New Office in Sydney to Serve the APAC Region
Netgain, a leading software provider for accounting teams, announced its expansion into the APAC region with the opening of its new office in Sydney, Australia.
Mandy Schnirel
, CPA
and
, CPA
Day count convention guide: Definition and best practices
Learn the most common types of day count conventions, how they're calculated, and how they impact interest accruals on loan and bonds.
Perry Leimer
, CPA
and
, CPA
Bridging the gap: How accounting technology can ease the impact of the accountant shortage
The shortage of qualified accounting professionals presents a challenge to businesses. Accounting technology can resolve some of the burden on overworked teams.
Mandy Schnirel
, CPA
and
, CPA
The top 7 NetSuite integrations for businesses in 2024
NetSuite integrations can add completely new functions to an already impressive catalog of tools. Read the best NetSuite integrations in 2024.
Braden Bronson
, CPA
and
, CPA
3 reasons 2024 is a good time to be an accountant
Discover why 2024 is a prime time to excel in the accounting industry. Read the benefits and opportunities for accountants today and in the future.
Adam Riches
, CPA
and
, CPA
How to improve your NetSuite instance with SuperSync Integrations by Netgain
Discover how SuperSync Integrations can enhance your NetSuite usage with seamless financial data synchronization.
Netgain
, CPA
and
, CPA
Netgain announces $35 million investment from Summit Partners to accelerate its mission to modernize accounting
Netgain, a leading software provider for accounting teams, today announced a $35 million minority investment led by global growth investor Summit Partners.
Mandy Schnirel
, CPA
and
, CPA
Netgain Announces Strategic Acquisition of SuperSync
Netgain — a leader in providing NetSuite-native modern accounting solutions — has officially announced the acquisition of SuperSync,...
Mandy Schnirel
, CPA
and
, CPA
NetLease for NetSuite vs Lease Query for NetSuite
Elevate lease accounting with NetLease: superior reporting, dedicated support, & seamless NetSuite integration. Transform your financial processes efficiently.
Netgain
, CPA
and
, CPA
Accounting Automation - What Is It And How Can NetClose Help?
Revolutionize your financial processes with accounting automation. Save time, reduce errors, and boost efficiency with automated tools and software.
Netgain
, CPA
and
, CPA
Maximize Your NetSuite Accounting With Netgain
Elevate your financial management with Netgain's real-time insights, automated processes, and cloud flexibility. Maximize NetSuite accounting efficiency today!
Amanda Paice
, CPA
and
, CPA
NetLease Tops Lease Accounting Charts in G2 Winter 2024 Reports
NetLease by Netgain shines in G2's Winter 2024 Reports, named a Leader in the Lease Account grid. See why NetLease won multiple No. 1 rankings.
Mandy Schnirel
, CPA
and
, CPA
The Ultimate Guide To Implementing GASB 87
Explore the essentials of GASB 87 with our comprehensive guide. Understand key requirements, implementation steps, tools, and best practices.
Amanda Paice
, CPA
and
, CPA
Top NetSuite Compatible Fixed Asset Software For 2024
Discover the best NetSuite compatible fixed asset software for 2024. Our guide for accountants covers key features, integration capabilities, and more.
Netgain
, CPA
and
, CPA
Top Loan Management Software For NetSuite
Discover the best loan management software for NetSuite users. Enhance operational efficiency, ensure compliance, and get personalized support with Netgain.
Netgain
, CPA
and
, CPA
The Best Automated Reconciliation Software For 2024
Discover the top automated reconciliation software for 2024. Netgain's solutions boost accuracy, integrate seamlessly, and protect your financial data.
Braden Bronson
, CPA
and
, CPA
The Ultimate Guide To Accounting In NetSuite
Explore the Ultimate Guide to NetSuite Accounting: a comprehensive resource for businesses seeking to optimize financial processes.
Amanda Paice
, CPA
and
, CPA
The Best ERP Systems For Your Company
Discover the power of ERP systems for efficient business operations. Learn about key features, benefits, and how to choose the right system for your company.
Netgain
, CPA
and
, CPA
Top NetSuite Compatible Lease Software For 2024
Discover how automated tools and software can save you time, reduce errors, and improve efficiency in your accounting tasks.
Netgain
, CPA
and
, CPA
Best Financial Close Management Software in 2024
The financial closing process can be quite complex if you don’t have the right solution. Discover the best financial close software platforms.
Netgain
, CPA
and
, CPA
How to Connect NetLease to QuickBooks Online
Simplify lease accounting with NetLease and QuickBooks integration. Efficiently post entries & receive expert support. Simplify your accounting process today!
Braden Bronson
, CPA
and
, CPA
Key Considerations when Accounting for Lease Amendments
Discover how to accurately account for lease modifications under ASC 842 with examples. Learn how the top lease accounting software can assist you!
Andé Lampert
, CPA
and
, CPA
Navigating GASB 96: Lease Accounting Software for Accountants
Navigate GASB 96 with ease using Netgain's lease accounting software. Discover how you can streamline your lease accounting processes and ensure compliance.
Tanner Larsen
, CPA
and
, CPA
Everything You Need to Know About ASC 842 Quantitative Disclosures
Learn about the significant changes ASC 842 has brought to lease accounting disclosures, emphasizing the importance of detailed quantitative information.
Caleb Christensen
, CPA
and
, CPA
NetLease Customer Reviews Say it All - G2 Summer 2023
Netgain’s lease platform achieved outstanding results in G2's Summer 2023 report. Find out why accountants recommend NetLease by Netgain.
Brian Jones
, CPA
and
, CPA
How To Do Sales Type & Direct Financing Leases – Journal Entries Under ASC 842
Learn how lessors can navigate ASC 842 lease accounting changes and properly book and report their leases. Download our FREE tool to simplify lease accounting.
Jake Robley
, CPA
and
, CPA
NetLease Helps You Meet ASC 842 Quantitative Disclosure Requirements
ASC 842 has brought about changes to lease accounting disclosures. There are several new quantitative disclosures required under the new standards.
Maggie Smith
, CPA
and
, CPA
Lease Abstraction With NetLease: Understanding ASC 842
It’s time for companies to transition to ASC 842. NetLease can help you abstract leases so that you understand the new regulation.
Brian Jones
, CPA
and
, CPA
Sales Type & Direct Financing Leases – Journal Entries Under ASC 842
ASC 842 will affect the accounting policies and practices of both parties to any lease agreement. NetLessor can help you meet the demands of ASC 842.
Netgain
, CPA
and
, CPA
How NetLease's Lease Abstraction Helps You Adopt ASC 842
NetLease's lease abstraction service can help you abstract information in a way that meets the requirements of ASC 842.
Netgain
, CPA
and
, CPA
Free Lease Accounting Software that Actually Works For Any ERP
Some software companies offer a “free trial” of the product, but it ends up being a stripped-down version that lacks the full features of the product.
Netgain
, CPA
and
, CPA
ASC 842 Guide to Operating Lease Journal Entries With NetLessor
It can be daunting to generate journal entries for your operating leases post-transition into ASC 842. NetLessor allows lessors to automate these entries.
Netgain
, CPA
and
, CPA
Short-Term and Low-Value Lease Accounting under ASC 842 & IFRS 16
Discover the new accounting standards for short-term & low-value leases under ASC 842 and IFRS 16. Learn about the rules, benefits, & exemptions for lessees.
Netgain
, CPA
and
, CPA
Intercompany Transfers Made Easy—Asset Edition
Intercompany transfers don’t need to be a big pain. Simplify the accounting and automate the process with NetAsset.
Netgain
, CPA
and
, CPA
How sale-and-leaseback accounting works (with examples)
Discover the complexities of sale-leaseback transactions with our helpful guide. Learn how to evaluate control transfer and determine if a sale has occurred.
Netgain
, CPA
and
, CPA
Everything Account Reconciliation
Account reconciliation is an essential part of a company's operations. Learn why it’s important, how to reconcile accounts, and more.
Netgain
, CPA
and
, CPA
ASC 842 Transition Disclosure Template
Simplify your financial disclosures with our ASC 842 Transition Memo Template. Start saving time today with Netgain. Get your full text disclosure template now!
Netgain
, CPA
and
, CPA
New NetLoan Features Make Loan Servicing and Accounting Easier than Ever
Loans are vital to most businesses because they represent the lifeblood needed to take their growth to the next level. Sounds exciting, right?
Perry Leimer
, CPA
and
, CPA
The Best Software for Auditing ASC 842
Transition smoothly to ASC 842 using software. Time's ticking for fiscal year-end compliance. CPAs face unique challenges.
Casey Stewart
, CPA
and
, CPA
What is Percentage Rent (and How Do I Automate It?)
Percentage rent can tie rent costs directly to sales, which can be a good option for businesses with fluctuating sales. Learn how to automate payments.
Netgain
, CPA
and
, CPA
What Happened to Deferred Rent under ASC 842?
Discover how NetLease by Netgain simplifies ASC 842 transition, ensuring GAAP compliance by replacing deferred rent with ROU Asset and Lease Liability.
Netgain
, CPA
and
, CPA
Fixed Asset Management In NetSuite
Elevate fixed asset management in NetSuite with automated solutions. Enjoy streamlined processes, real-time visibility, and guaranteed compliance.
Netgain
, CPA
and
, CPA
Transitioning Capital/Finance Leases to ASC 842
Transitioning to the new standard for capital/finance leases under ASC 842? Our article simplifies the process. Save time and headaches with our free tool!
Netgain
, CPA
and
, CPA
How to Allocate Transactions in NetSuite to Segments and Subsidiaries
Easily split expenses and items between different segments with Shared Transactions by Netgain. Simplify your P&L verification process in NetSuite today!
Netgain
, CPA
and
, CPA
Understanding ASC 842, IFRS 16, & GASB 87
If your business deals with leases, the new lease accounting standard (ASC 842, IFRS 16 or GASB 87) is most likely quickly rising on your to-do list.
Netgain
, CPA
and
, CPA
Lessors, Lessees and the New Lease Accounting Standards
User Lessors and Lessees both have bookkeeping obligations under ASC 842 that can easily be automated with Netgain software solutions.
Netgain
, CPA
and
, CPA
Loan vs. Lease (A Seller’s Guide)
Discover the best option for your business with our free leasing vs. loan comparison tool. Make informed decisions to maximize tax advantages & long-term goals.
Netgain
, CPA
and
, CPA
FASB’s Proposed Changes to Related-Party Lease-Accounting Guidance
Getting lease agreements in writing between related parties has immense benefits. Learn about the proposed changes to related-party lease-accounting.
Netgain
, CPA
and
, CPA
Smooth Sailing: Strategies For Successful Lease Management
Unlock the Power of Lease Management with Streamlined Strategies: Your Guide to Smooth Operations. Get the most out of your lease management with our...
Netgain
, CPA
and
, CPA
Mastering The New Accounting Lease Standard: What You Need To Know
Stay up to date on the new lease standard in accounting with our comprehensive guide. Get insights and learn how to stay compliant with the changes.
, CPA
and
, CPA
Deciding to Lease or Buy an Asset: Financial Statement Implications
Understand leasing vs. purchasing's financial impact. Crucial for financing, valuations, and cash flow. Explore options with provided tools.
Netgain
, CPA
and
, CPA
The Easy Way to Achieve Robust Asset Tracking and Asset Revenue Management
Creating and maintaining a useful big-picture understanding of rental assets is no mean feat. Learn how asset management software can help.
Becca Barfuss
, CPA
and
, CPA
It’s Time to Automate Account Reconciliation
Automate tedious account reconciliations for efficiency and accuracy. Simplify monthly close with NetClose software.
Netgain
, CPA
and
, CPA
The Three Red Herrings of ASC 842 (What Not to Worry About)
Do not fall victim to wasting time on one of the three red herrings of ASC 842: lease classification, Incremental Borrowing Rate (IBR) and embedded leases.
Netgain
, CPA
and
, CPA
Automated Billing in NetSuite—Improve Your Billing Process with the Click of a Button
Automate lease billing for efficiency, accuracy, and timely processing. Invest in user-friendly software for seamless automation.
Netgain
, CPA
and
, CPA
Lease Modifications: Everything You Need to Know for 842
Skip the treacherous spreadsheet and simplify ASC 842 modifications with NetLease software. Automate recalculations for organized and consistent handling.
Landon Parker
, CPA
and
, CPA
Finance Leases: How to Measure Them and Put Them on Your Books
Finance leases are the new capital leases. Follow outlined criteria for lease classification and consider NetLease for automated accounting.
Netgain
, CPA
and
, CPA
A Guide to ASC 842 Adoption Reliefs
Streamline ASC 842 adoption for audit clients by leveraging practical expedients. Help clients understand easier options for new lease standards.
Casey Stewart
, CPA
and
, CPA
How to account for leasehold improvements under ASC 842
Discover how ASC 842 impacts leasehold improvements and incentives compared to ASC 840. Learn how to properly account for these assets and amortize incentives.
Donald Kirby
, CPA
and
, CPA
How to Calculate ROU Asset Balance for an Operating Lease under ASC 842
Accurate ROU balance-sheet calculations are crucial for lease-accounting compliance. Use the information in this article to nail it!
Tyler Holle
, CPA
and
, CPA
How to Account for Leases Acquired in a Business Combination under ASC 842
Discover how leases are handled when businesses combine. Learn about the allocation of purchase price & the importance of market terms in accounting for leases.
, CPA
and
, CPA
How to Transition to ASC 842 for Free
Yes, you can transition for free on NetSuite. NetLease Go Free provides powerful lease accounting tools and compliance at no cost.
Austin Dorman
, CPA
and
, CPA
How to Create Recurring Revenue for Your Firm with Lease Accounting Software
Let’s look at the steps and benefits associated with generating recurring revenue through a lease-accounting software solution.
Casey Stewart
, CPA
and
, CPA
The Easy Way to Handle Dual Financial Reporting Requirements
Simplify dual financial-reporting requirements with NetLease, a NetSuite App. Save time and reduce errors by automating the process.
Rebecca Springer
, CPA
and
, CPA
Why Use NetLessor and NetAsset Together
Discover the benefits of integrating lease accounting & asset accounting with NetLessor & NetAsset. Connect records, automate functions, & simplify reporting.
Haley Gustavson
, CPA
and
, CPA
Efficiency and Innovation Are Key to a Successful Audit Season
Uncover the secrets to a successful audit with the right tools. Find the perfect balance between efficiency and effectiveness. Explore ASC 842 for Auditors.
Casey Stewart
, CPA
and
, CPA
The Benefits of Integrated Book and Tax Asset Records
Integrating book and tax asset records can alleviate manual work and reduce the cost of tax-return preparation.
Netgain
, CPA
and
, CPA
Are Your Audit Clients Prepared for ASC 842?
Don't let lease accounting complexities overwhelm you. Our lease accounting software tool simplifies ASC 842 compliance.
Netgain
, CPA
and
, CPA
Can I Adopt ASC 842 with Spreadsheets? Transitioning to the New Accounting Standards in 2022
Is it possible to adopt ASC 842 in spreadsheets? Yes. Is it easy? No. Save time, reduce the risk of error, and rest easy with a lease accounting solution.
Bekah Jacot
, CPA
and
, CPA
Unlock The Power Of Automation: Discover The Benefits Of A Lease Management System
Automate your lease management system to streamline processes and unlock powerful benefits like increased efficiency, better visibility, and improved...
Haley Gustavson
, CPA
and
, CPA
Why Audit Clients Need a Software Solution
As an auditor, you know the traditional Excel approach won't work with the complex requirements of ASC 842. Discover better alternatives.
Weston Lampe
, CPA
and
, CPA
ASC 842 Transition Blueprint & Workbook
Learn how to transition to ASC 842 with a free Excel template. Lessees are required to apply a one-time modified retrospective transition approach.
Netgain
, CPA
and
, CPA
The High Risk of Auditing Leases in Excel
Don't make more work for yourself by trying to audit leases in Excel. In this article, we break down better alternatives to Excel for ASC audits.
Weston Lampe
, CPA
and
, CPA
Issues with Leases in a Foreign Currency FX (ASC 842)
For US based organizations that are applying ASC 842 to their international leases denominated in a foreign currency (FX). Also for international businesses
Jace Chambers
, CPA
and
, CPA
Do I Need to Book Accruals and Amortizations?
Managing accruals and amortizations can be a difficult but necessary part of closing the books. Learn how to simplify the process with software.
Becca Barfuss
, CPA
and
, CPA
How to Integrate Your Close Management Solution
Discover how NetClose, an embedded app for NetSuite, streamlines your close process. Close your books seamlessly and reduce risks.
Peter McGuire
, CPA
and
, CPA
Don’t Be Surprised by Embedded Leases under ASC 842
This article will discuss what an embedded lease is, best practices in identifying embedded leases, and some commonly asked questions.
Tyler Holle
, CPA
and
, CPA
Short-term lease exemption
Take a look at the Short-Term Lease Exemption and if you should elect to take it and how the renewal option should be handled under ASC 842.
Zack Larsen
, CPA
and
, CPA