NetLessor Release Notes Archive

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NETLESSOR RELEASE NOTES ARCHIVE

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. Use the archive page to view previous release notes.

2020.2    |    2020.1   |   2019.3

2020.2 RELEASE NOTES

UPDATES IN VERSION 2020.1

  • Allow for Negative Fair Value/Carrying Costs and Negative Payments

  • Bypass Processed with no Journal Entry Posted on Go-Live

  • Update Final Period Schedule Line Entries to Write Down NIL, Deferred Rent, and Cap Initial Direct Cost Values on Termination

WHAT DO YOU NEED TO DO?

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

  • Select “Do Not Update Deployments” on Suitelets

  • Reach out with questions on any of the new features

 

2020.1 RELEASE NOTES

UPDATES IN VERSION 2020.1

  • Mass Modifications & Integration Support

    • Ability to create modification records and queue for processing

    • “Mass Modify Leases” Suitelet to view and process queued modifications

  • Auto-Renewals Support

    • Ability to flag a lease for auto-renewal at lease end date and provide period to be extended

    • “Mass Process Renewals” Suitelet to view and process queued auto-renewals

  • Updated drop-down menu category to “Mass Update Leases”

WHAT DO YOU NEED TO DO?

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

  • Update your preferred form to include the two new fields; review the Netgain Default Lessor form for standard placement within the Accounting tab under “Auto Renewal Details” Field Group

    • “Auto Renewal” checkbox (custrecord_lma_ls_is_autorenewal)

    • “Auto Renewal Term (Months)” integer number (custrecord_lma_ls_aut_renew_term)

  • Reach out with questions on any of the new features

 

2019.3 RELEASE NOTES

UPDATES IN VERSION 2019.3

  • New Global Settings:

    • Determine Lease Classification Enabled/Disabled

    • Operating Only Enabled

    • Book Only to Lease Classification (Operating) Enabled

    • Do not automate journal entry deletion on mod reversal

  • Product Enhancements & Features:

    • Real Time Rate Calculations and Classification Determination

    • Mass Rate Calculation and Classification Determination

    • Mass Schedule Creation

    • Mass Commence Leases

    • Mass Create Go Live/Transition Entries

    • Mass Lessor Lease Transaction Approvals

    • Final Period Custom Transaction Type

    • Update Journal Memo with Lease and Transaction Type

    • Operating Only; Lease Classification field not disabled when checked

    • Modifications & Reversals (all types)

WHAT DO YOU NEED TO DO?

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

  • Review the new global settings page to determine any feature edits you’d like to implement (NetLessor > NetLease Lessor Setup > System Setup)

  • Reach out with questions on any of the new features

 
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