NetLessor Overview
Welcome to NetLessor!
The NetLessor Management Tool was designed by Netgain’s experienced accounting and NetSuite professionals to enable your business to operationalize the requirements of ASC 842 and IFRS 16 throughout conversion, implementation, reporting, and ongoing lease management.
Key NetLease 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 and decision making throughout the entire lease lifecycle
- Store and access key details and documents for each lease record
- 100% Built for NetSuite certified (Verified Native SuiteApp)
An embedded solution provides superior benefits
- Single solution within NetSuite
- 100% drill-down capability
- Direct links between Lease Liabilities and ROU Assets
- Reconciliations to vendor payments
- Capture financial and non-financial data
- Real-time visibility
- Never miss a key date