Lease accounting Lifecycle
See requirements for each step (click image to enlarge)
Your netsuite Lease solution is Ready
Key Netlease FOR LESSEE Capabilities
-
Compliant with IFRS 16 and FASB ASC 842 requirements for lessee accounting
-
Supports lease reporting & decision making throughout the entire lease lifecycle
-
Push-button reporting for both FASB and IFRS 10-K disclosures
-
Full lease automation
-
Integrated AP management
-
Robust end-to-end audit trail
-
Manage lease modifications
-
Store and access key details and documents for each lease record
-
100% Built for NetSuite (Verified Native SuiteApp)
Key Netlease FOR LESSOR Capabilities
-
Full lease automation
-
Automatically calculates implicit rates and discount rates
-
Integrated with native billing, inventory, and fixed asset management
-
Automatically classify leases (operating, sales-type, or direct financing)
-
Push-button reporting for both FASB and IFRS 10-K disclosures
-
Manage lease modifications
-
Robust end-to-end audit trail
-
Supports lease reporting & decision making throughout the entire lease lifecycle
-
Store and access key details and documents for each lease record
-
100% Built for NetSuite (Verified Native SuiteApp)
See A Demo today
an embedded solution provides superior benefits
-
Single solution
-
100% drill-down capability
-
Direct links between Lease Liabilities and ROU Assets
-
Never miss a key date
-
Capture financial & non-financial data
-
Real-time visibility
When do you need to be compliant?
Jan 1, 2020
Effective Date of ASC 842
(all other companies)
Jan 13, 2016
Feb 25, 2016
Jan 1, 2019
IFRS issues
IFRS 16
FASB issues
ASC 842
Effective Date for IFRS 16
(all companies)
& ASC 842
(public companies only)
Higher Value, Lower Cost
-
Value solution covering policy, data collection & review, and technology
-
Time, Productivity, and Resource Savings
Trouble-Free
Transition
-
Fast and Simple
-
Complete Historical Details
-
Practical Expedient Options
Confidence in Compliance
-
Transition Reporting
-
Modification & Early Termination
-
Reporting & Audit Trails
The value Netgain brings
WE ARE THE NETSUITE EXPERTS
We have developed and delivered solutions for some of NetSuite’s largest enterprise customers and have been recognized for superior performance.
WE HAVE BEEN IN YOUR SHOES
We have spent decades closing the books and improving day to day processes in NetSuite.
WE UNDERSTAND HOW TO OPERATIONALIZE ACCOUNTING
At our core, we are accountants focused on simplifying, standardizing, and automating solutions with a focus on controls and auditability.
ONGOING SUPPORT
We are committed to integrity and ensuring we meet your needs and deliver the value you expect.
