NetLease 2019.1

NETLEASE VERSION 2019.1 KEY UPDATES

  • Multi-book Support
    • Ability to record book-specific reversals only to a secondary book
    • Ability to select book-specific posting of alternate types (operating versus financing)
  • Lease Journal Approval UI
    • Ability to approve lease journals through a single screen
  • Isolated Final Period Entries
    • New custom transaction type created for Final Period entries (to write off ROU asset and Accumulated Amortization)
  • Isolate Lease records for mass update jobs
    • Ability to flag specific leases via UI or .csv to be updated by mass processing jobs
    • Support for mass commencement and mass terminations
  • Modification Reversals
    • Ability to reverse and revert lease and schedule information updated by a modification
    • Option to systematically delete journal entries or elect manual journal entry reversal
  • Enhanced NetLease Reporting
    • Lease Amortization Waterfall Report
    • Lease Payment Waterfall Report
    • Lease Balance Rollforward Report
  • Ability to perform more critical tasks in mass
    • Mass commencement of Leases
    • Mass termination of Leases
    • Mass creation of Transition Journals
    • Mass approve of Lease Journals
  • UI Enhancements
    • Form redesign to improve navigation and available lease information
    • Intuitive real time feedback of batch processing jobs
    • More robust transparency into created data and error handling
    • Real time current balance information on Lease record
    • Modification UI updates
    • More robust modification history
    • More robust information on Lease Schedule entries to highlight both Operating and Financing information
    • Multi-Classification schedule entry views
  • Refactoring of NetLease Code Architecture to Improve Speed and Efficiency
    • Faster completion of batch processing
    • Faster creation of Schedule Entries
    • Faster creation of Journal Entries
    • More efficient use of resources during map-reduce processing
    • Improved scalability

WHAT DO YOU NEED TO DO?

  • Note that certain lease fields and records will be deprecated with this update. Please do NOT update your NetSuite bundle before working with your Netgain contact to determine if there is any impact—we are looking forward to walking through this with you and demonstrating the updates above
  • Please reach out with questions on any of the new features
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