Release notes highlight recent product improvements, any necessary action items, and new features to come so you can stay up to date on our product features.

updates in version 2020.4

  • Multi-Book Support for Short Term, Low Value, and ASC 840 Posting

    • Secondary book posting can now be set to post Short Term, Low Value, and ASC 840 entries

  • ​Automated Custom Segment Posting

    •  Segments can now be added to the lease record and setup to automate posting to any journals generated by the lease

  • Negative Lease Payment

    • Leases can be setup with negative payment amounts to facilitate intercompany eliminations

  • Custom Reclass Types

    • ​New reclass types can be created to perform user defined reclass entries​

What Do You Need to Do?

  • Your NetSuite Administrator should update your NetLease bundle (Customization > SuiteBundler > Search & Install Bundles > List)

  • Reach out with questions on any of the new features

What’s Next?

Here are a few areas we will now be turning our efforts toward for in our next upcoming release(s):

  • Prepaid Lease Amortization Support (Auto-tagging of Lease ID on native prepaid amortization entries from originating vendor bill/transaction)

As always, please reach out to for comments and suggestions.


NetLease User Guide

NetLease Release Notes Archive

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