NetLease 2026.1

Controls Added

  • Added new global setting, Apply Role Restrictions to Schedule Lines, to allow users to opt in to applying role restrictions to the subsidiary field of the NetLease Schedule Line.

  • Updated rejection processing logic to allow user to reject only the close out transaction instead of forcing both the close out and the amortization in the same period to be rejected (if posted on the same day).

  • Put in a control to prevent transactions dated in closed periods from being rejected.

Custom Reclass Updates

  • Updated custom reclass processing to ignore schedule lines with an "empty" amount (instead of just ignoring lines with 0).

  • Added the ability to set a formula directly on the NetLease Reclass Journal Type record.  This will allow the user to calculate the reclass amount using more complex formulas that could not be used in the UI.

Lease Creation Updates

  • Added field to NetLease Setup, Default Lease Term Unit, which drives a lease type level field, Lease Term Unit, allowing users to specify whether to fully count partial months in the lease term or not.
  • Added a field to NetLease Setup, Enable Initial Payment Date, which allows the user to enable a field on the NetLease Lease record, Initial Payment Date, which automatically adds a payment to the payments sublist on the lease record on the initial payment date.
  • Added field to NetLease Lease Type record, Allow Maximum Lease Balance Calculation Term (available when Allow Maximum Lease Balance Calculation Term is checked in NetLease Setup), which allows the user to define the maximum number of months used when calculating the lease liability and ROU asset. Any months beyond this limit are excluded from liability and asset recognition.

Modification Updates

  • Updated true ups to route pre-go-live payment impacts through the payable clearing account instead of the go-live clearing account.
  • Updated CSV export of corrected schedule (stored on the Documents subtab of the modification proposal post True Up modification) to be an .xlsx export that also includes journal entry impacts and highlighting to show how the impacts are calculated.

Reporting Updates

  • Updated UI for filtering section of scripted reports (e.g. Waterfall, Roll Forward) to be pinned in a custom dock.
  • Added new filter, "Show Non-Book Specific Transactions", to scripted reports to allow users to dictate whether or not non-book specific transactions should be included in the report.

Transaction Processing Updates

  • Added new Booking Date field in Setup 'Add Days From Accounting Period' that allows custom calendars to better facilitate booking dates.  This will add x number of days from the schedule line's start date based on the booking day selected.
  • Added new global setting, "Locked Period Posting Preference" which indicates what NetLease should do when a transaction is dated in a locked accounting period.

Transfer Updates

  • Improved handling of required fields for Intercompany Transfers.

Misc.

  • Added the ability to update users about new features and updates within the application.
  • Opened up time machine suitelet to NetLeaseGo customers.
  • Various bug fixes (see minor release notes).
  • Fully tested for the NetSuite 2026.1 release.
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