NetLease

Make compliance with ASC 842, IFRS 16 and GASB 87 easy by simplifying and automating lease accounting with NetLease by Netgain. That’s just the beginning. The new lease accounting standard is here. Businesses of all sizes need to comply with significantly expanded reporting requirements. NetLease supports lease reporting and decision making for businesses of all sizes, from small businesses with few leases up to large, complex, multi-division enterprises with international leases. Simply enter lease data into NetLease and--with the push of a button--get automated, error-free lease amortization schedules and the required disclosures. Audits coming? Seeking financing? You’ll need a simple lease accounting solution. With automated disclosure reporting, roll-forward and waterfall reports, support for operating and financing leases, automatic modifications and terminations, and a complete audit trail, NetLease is a must-have for GAAP compliance this year. NetSuite users can embed lease accounting right into their core financial system, allowing for automated posting to the general ledger (GL) and complete drill-down from report to transaction. NetLease for NetSuite allows users to access existing customizations of your NetSuite system and is backed by the might of Oracle’s security and data management practices. NetLease is available for lessees and lessors.