Netgain Blog
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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.
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Nathalia Velez Ryan
and
Explore our blogs
Explore our collection of Fixed Asset Accounting, Close Accounting, News, and more.
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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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/667c35878cc7eddcbe5be43a_Nathalia-Velez-Ryan.webp)
Nathalia Velez Ryan
and
![A person uses a calculator over a wooden table, with house models, coins, and blueprints nearby, indicating financial planning.](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/661ca7b2ce5a04ced06468f6_female-hand-operating-calculator-front-villa-house-model.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/6643783361e55a3dca53f142_Brittley-Eldredge.webp)
![Nathalia Velez Ryan](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/667c35878cc7eddcbe5be43a_Nathalia-Velez-Ryan.webp)
Brittley Eldredge
and
Nathalia Velez Ryan
![a laptop with an ecommerce website on the screen and a graphic of a shopping cart with shipping boxes inside of it](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/667c53f441f4cb113673cfdf_netsuite%20ecommerce%20integration.png)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/66437537f0fe332922ef9ace_brooks%20flanagan.webp)
Brooks Flanagan
and
![Close-up of two people's hands working on a laptop with loan data on the screen](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/6675e8b25c9be34167ff3858_loan%20management%20software.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/667984fb733d55b7105a95d2_Morgan%20Hunsaker.jpg)
Morgan Hunsaker
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![person on a computer looking at a software dashboard](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/66707f1f877ffe483d69e4da_netsuite%20integration.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/66437537f0fe332922ef9ace_brooks%20flanagan.webp)
Brooks Flanagan
and
![Netgain appoints Roman Bukary as Chief Revenue Officer](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/6669c46fe28f7c65531ac041_Copy%20of%20VIDEO%20FACADES%20%20Product%20Focus%201920x1080.png)
Netgain Appoints Roman Bukary as Chief Revenue Officer
Netgain is excited to announce the appointment of Roman Bukary as Chief Revenue Officer (CRO).
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Mandy Schnirel
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![A lease agreement on a wooden desk, surrounded by a pair of glasses, dollar bills, and an open book titled "leasing". The document is partially visible, showing text about a leasing contract.](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/661ca7b2ac04478f46b4718e_unnamed%2520-%25202023-12-20T232252.300.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/6643787518e2bb60b8faf17f_Brian-Jones.webp)
![Nathalia Velez Ryan](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/667c35878cc7eddcbe5be43a_Nathalia-Velez-Ryan.webp)
Brian Jones
and
Nathalia Velez Ryan
![photo of a large shipping truck driving on a highway](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/665f906e3cc4825c22c4d94c_3pl%20integration.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/66437537f0fe332922ef9ace_brooks%20flanagan.webp)
Brooks Flanagan
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![A construction worker wearing a hard hat looks up at a tall crane alongside a building under construction against a clear blue sky.](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/661ca7aa7d541eea8b16a98e_5-2.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/664378adba79aa8946fe8de5_austin.webp)
Austin Dorman
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![accountant working on computer with a focused expression](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/664bbdee028e0b4a41f92599_how%20technology%20is%20changing%20accounting.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/66435c0f6b46d1ef9c68e304_Adam-Riches.webp)
Adam Riches
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![photo of a double-entry accounting ledger](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/66427b09eb5132d9047f2261_history%20of%20accounting%20technology.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/66435c0f6b46d1ef9c68e304_Adam-Riches.webp)
Adam Riches
and
![Netgain opens office in Sydney, Australia](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/663cf23750394139b313bab8_Copy%20of%20BLOG%20%20Cropped%20image%20-%20169%20%201200x628%20(1).webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/65f2f26c1fe11e34e6875dca_Untitled%20design-1.webp)
Mandy Schnirel
and
![loan officer and borrower reviewing a document](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/66329d7d8b7a6e6cdb08a798_day%20count%20conventions.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/664376cb2e9af14489277dcb_Perry%20Leimer.webp)
Perry Leimer
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![accounting technology can help to ease the accountant shortage](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/66354a6c37ac6ba0d2ae4e63_Copy%20of%20BLOG%20%20Cropped%20image%20-%20169%20%201200x628.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/65f2f26c1fe11e34e6875dca_Untitled%20design-1.webp)
Mandy Schnirel
and
![person typing on laptop with symbols representing ERP and other software](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/661ca78201e1ff2064c4673c_The%2520Top%2520NetSuite%2520Integrations%2520For%2520Businesses.webp)
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.
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Braden Bronson
and
![two people in a work meeting](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/66297b18349f5fd69d89b1df_3%20reasons%20to%20be%20an%20accountant.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/66435c0f6b46d1ef9c68e304_Adam-Riches.webp)
Adam Riches
and
![hands typing on a laptop](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/662bdf6cc6f2b29c3dcd21d7_supersync%20integrations.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/65f2f2cc6f3c8174a579927c_Netgain%20Icon.webp)
Netgain
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![colleagues celebrating with a high five](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/662bd73ef3f76c8ba1ab2c97_Maximize%20Your%20NetSuite%20Accounting%20With%20Netgain-1-1.webp)
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.
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Mandy Schnirel
and
![Logo design featuring the names "NetGain" and "SuperSync" with respective logos, connected by a plus sign, followed by the phrase "better together" beneath.](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/661ca77e61100eb90bdc66ba_65f2f02de4d35b2f0ae68122_Grey%2520Minimalist%2520Tips%2520Blog%2520Banner.webp)
Netgain Announces Strategic Acquisition of SuperSync
Netgain — a leader in providing NetSuite-native modern accounting solutions — has officially announced the acquisition of SuperSync,...
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Mandy Schnirel
and
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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.
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Netgain
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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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/65f2f2cc6f3c8174a579927c_Netgain%20Icon.webp)
Netgain
and
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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!
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Amanda Paice
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NetLease Tops Lease Accounting Charts in G2 Winter 2024 Reports
See why Netgain's NetLease platform won multiple No. 1 rankings in G2's Winter 2023 reports.
![Mandy Schnirel](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/65f2f26c1fe11e34e6875dca_Untitled%20design-1.webp)
Mandy Schnirel
and
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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 for streamlined compliance and…
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Amanda Paice
and
![A person reviews financial data displayed on a tablet, including charts and graphs, on a wooden desk with printed documents alongside.](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/661ca7805c4247757eeac6a0_Fixed%2520Asset%2520Software.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/65f2f2cc6f3c8174a579927c_Netgain%20Icon.webp)
Netgain
and
![A person uses a stylus on a touchscreen laptop displaying a project management app with status columns labeled "progress," "testing," and "requested." a keyboard and office supplies are also visible.](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/661ca781b20738617304238d_Loan%2520Management%2520Software.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/65f2f2cc6f3c8174a579927c_Netgain%20Icon.webp)
Netgain
and
![Top view of a workspace with a person using multiple screens and devices, showing various programs, alongside other tech accessories on a neat desk.](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/661ca780c00dbe0688e9495f_Automated%2520Reconciliation%2520Software.webp)
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 with the…
![Braden Bronson](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/66298c94ac717f853388bb91_braden-bronson-480.webp)
Braden Bronson
and
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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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/660a7f9fd4d165dd98027110_Amanda-Paice.webp)
Amanda Paice
and
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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.
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Netgain
and
![A person's finger touching a futuristic digital interface with icons representing data management and analysis, depicted using glowing blue hexagons on a dark background.](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/661ca784c5d2e2795c63f266_NetSuite%2520Compatible%2520Lease%2520Software%2520For%25202024.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/65f2f2cc6f3c8174a579927c_Netgain%20Icon.webp)
Netgain
and
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Best Financial Close Management Software in 2024
In this article, we’ll cover the best financial close software platforms available for 2024.
![Netgain](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/65f2f2cc6f3c8174a579927c_Netgain%20Icon.webp)
Netgain
and
![Surprised man with glasses reacting to a laptop screen displaying quickbooks with a "lease accounting in QuickBooks?!" headline, set against a teal and blue split background.](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/661ca7883bddce402a1b6a62_Netgain%2520Blog%2520Post%2520Images%2520%252858%2529.webp)
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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/66298c94ac717f853388bb91_braden-bronson-480.webp)
Braden Bronson
and
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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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/6643790deebc5e84e4301877_And%C3%A9%20Lampert.webp)
Andé Lampert
and
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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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/6643761755e33b2a96472fa0_Tanner%20Larsen.webp)
Tanner Larsen
and
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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](https://cdn.prod.website-files.com/65effd8bb917b937e17119ef/660a7e771cbca532e0c6ca76_Caleb-Christensen.webp)
Caleb Christensen
and
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NetLease Customer Reviews Say it All - G2 Summer 2023
Netgain achieved outstanding results in G2's Summer 2023 report. Find out why you should choose NetLease over other lease accounting software, and why accountants recommend NetLease by Netgain.
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Brian Jones
and
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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.
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Jake Robley
and
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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.
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Maggie Smith
and
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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.
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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.
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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.
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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.
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ASC 842 Guide to Operating Lease Journal Entries With NetLessor
It can be daunting to start generating journal entries for your operating leases post-transition. Netgain’s suite of applications allow lessors to automate the accounting for any type of lease.
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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.
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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.
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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.
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Everything Account Reconciliation
Account reconciliation is an essential part of a company’s operations. Products like NetClose can help accountants with the stress of month-end and year-end entries and account reconciliation.
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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!
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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?
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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.
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Casey Stewart
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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. If you have a percentage rent contract, automate payments in your financial syst
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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.
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Fixed Asset Management In NetSuite
Elevate fixed asset management in NetSuite with automated solutions. Enjoy streamlined processes, real-time visibility, and compliance ease—all in one platform.
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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!
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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!
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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.
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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.
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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.
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FASB’s Proposed Changes to Related-Party Lease-Accounting Guidance
Getting lease agreements in writing between related parties has immense benefits. If the deal is on paper, then there will be no need to do an analysis of legal enforceability.
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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...
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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.
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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.
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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.
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It’s Time to Automate Account Reconciliation
Automate tedious account reconciliations for efficiency and accuracy. Simplify monthly close with NetClose software.
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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.
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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.
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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.
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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.
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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.
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Casey Stewart
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How to Account for Leasehold Improvements under ASC 842 and ASC 840
Discover how ASC 840 and ASC 842 impact leasehold improvements and incentives. Learn how to properly account for these assets and amortize incentives.
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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!
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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.
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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.
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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.
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The Easy Way to Handle Dual Financial Reporting Requirements
Simplify dual financial-reporting requirements with Netgain’s multi-book-enabled NetSuite app, NetLease. Save time and reduce errors by automating the process.
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Why Use NetLessor and NetAsset Together
Discover the benefits of integrating lease accounting & asset accounting with NetLessor & NetAsset. Connect records, automate functions, & simplify reporting.
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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.
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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.
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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.
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Netgain
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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 get peace of mind knowing you are compliant with a trusted lease-accounting solution.
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Bekah Jacot
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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...
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Haley Gustavson
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Why Audit Clients Need a Software Solution
As an auditor, it's worth your time to warn clients that the traditional Excel approach won't work with the complex requirements of ASC 842. Any cost savings will be outweighed by the drawbacks.
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Weston Lampe
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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.
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Netgain
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The High Risk of Auditing Leases in Excel
Don't make more work for yourself by trying to audit leases in excel. It's not a good idea. In this article, we break down the reasons why excel is difficult for ASC audit and better alternatives
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Weston Lampe
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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
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Jace Chambers
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Do I Need to Book Accruals and Amortizations?
Accruals and amortizations don’t need to be difficult. When tracked & booked during the month-close process, it's easier to understand the impacts of deferred payments & revenue on company resources.
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Becca Barfuss
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How to Build a Better Month-End Close Process
Here is a checklist to help with monthly closing the books at small, mid-sized, and large businesses.
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Jace Chambers
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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.
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Peter McGuire
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How to Prepare the Perfect Year-End Close
How to make your year-end book close clean, easy, and worry-free. The secret is: stay on top of monthly closing. It pays off in the end.
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Vincente Herrera
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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.
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Tyler Holle
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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.
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Zack Larsen
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Accounting for Variable Lease Payments
In lease accounting, take time when trying to identify and allocate variable payments. Easily make modifications to your contracts in NetLease.
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Donald Kirby
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Lease Incentives: What to do when timing is uncertain?
If the timing of a lease incentive is uncertain, enter the lease incentive details at the commencement of the lease and add a payment after it is received.
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Jace Chambers
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January 2022 and lease accounting... Now What?
The dreaded January 1, 2022, deadline to become compliant with ASC 842, IFRS 16 and GASB 87 accounting standards is now here.
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Netgain
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Accounting is evolving: are you ready?
In 2022, accounting and finance firms should stay current on upcoming trends and pivot to adjust procedures. Look to five areas where change could happen.
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Kristin Bair
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Must Read Articles Related to ASC 842 and IFRS 16
Learn from these accounting experts and take these steps now, to ensure you are compliant and have a solution to lease accounting reporting.
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Korbyn Baucom
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Headaches gone with a click of a button - for lease accounting
All accountants are looking for a quick and easy solution for the nagging problem of ASC 842, IFRS 16 and GASB 87 compliance. Learn how in this blog post.
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Vincente Herrera
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Don’t have a lease accounting expert … what should we do?
With NetLease Go Free, you do not have to be an expert to stay compliant and manage your leases according to the applicable standards.
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Brittley Eldredge
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Should I replace my excel tracking with lease software?
Excel is the catch all in the accounting world. We have all created spreadsheets that become cluttered but essential to our processes.
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Becca Barfuss
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NetLease FAQs
Lease accounting can be stressful. Especially when you are just getting started on a new standard. See what our customers are asking and how we can help.
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Andrew Walker
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