Lease Liability Short Term/Long Term Split

Overview  

The Lease Liability Short Term/Long Term Split report is a standard NetSuite search that shows the short term and long term portion of the lease liability for all operating and financing leases.

Process Steps

Step 1:

• Navigate to NetLease > Reports (All or Subledger) > Lease Liability Short Term/Long Term Split
• Select Run

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Step 2:

• The report search can be narrowed down by adjusting the filters for period end date, dates, lease classification, subsidiary, and location. 
• Select the Filters button at the top of the page
• The report will automatically update as filtering options are selected.

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STEP 3:

• Upon running the report, the user will see a single line schedule by lease for the selected period, subsidiary, lease classification, and/or location from the NetLease subledger. 
• Each lease line item will include general information about the lease (ID, classification, etc.) and schedule information regarding the short-term, long-term, and total lease liability amounts for each lease.

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Troubleshooting

Is the report missing leases?

1. If desired leases do not appear in the report, check the selected filters to ensure leases are not being restricted from view.

2. Verify leases status has been updated from pending to commenced or further.