NetLease Latest Release Notes

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NETLEASE 2020.1 RELEASE NOTES

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 2020.1

  • Lease Proposals and Operating vs. Financing Support

    • New lease proposal screen to segregate the process of proposing and creating a lease

    • Included in the lease proposal is the criteria for determination of lease classification—whether financing or operating

    • Ability to create the lease directly from the proposal record

  • Payment Timing Override on the Lease Level

    • Ability to override payment timing (in advance or in arrears) by the underlying lease (was previously by lease type)

  • Ability to export Mass Processing Results to CSV

    • Mass Approvals

    • Mass Commence Leases

  • Mass Schedule Generation Suitelet

    • New UI to be able to filter and select specific Leases for schedule generation in mass

  • Global Setting for Default Reclass Journal and Book Specific Journal Forms

    • Ability to set default JE forms globally in the System Setup

  • Dept and Class filters applied to all scripted reports

  • Lease Classification Default from Accounting Standard

  • Bug fix

    • Exclude leases needing schedule generation from mass lease commencement user interface

WHAT DO YOU NEED TO DO?

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

    • Customized Suitelets should be set to "Do Not Update Deployments," including scripted reports

  • Update your preferred forms to move the new field “Payment Timing” to the appropriate location on the form. For reference, the Netgain Default form defaults the field to the Accounting tab

  • Reach out with questions on any of the new features

WHAT TO EXPECT IN THE NEXT RELEASE

  • Child Asset Allocations

  • Auto-Renewal and Evergreen clauses

  • NetLease User Help Videos

As always, please reach out to support@netgain.tech for comments and suggestions.

OTHER NETLEASE RESOURCES

NetLease User Guide

NetLease Release Notes Archive

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