NetLease Menu & Navigation
Center Tabs & Categories
With the installation of NetLease, a new NetLease drop-down menu will be deployed along the center tab within each user’s NetSuite environment. The native drop-down schedule will appear as follows upon installation:
Standard Menu Detailed Descriptions
Each of the standard menu items have the corresponding functionality:
| Main Menu | Menu Sublist Item | Navigation Description |
|---|---|---|
NetLease Overview | N/A | NetLease dashboard home page, which can be configured to display your most important lease reports, links, and other defined details |
| NetLease Help | Netgain Knowledge Base | Links to articles within the Netgain Knowledge base detailing how to use NetLease. |
NetLease Setup | System Setup | Lease Global Setting Page for initial setup details and documentation of accounting decisions |
Manage Lease Types | Set each of the lease types and default GL accounts to be used for each balance and transaction type | |
| Manage Custom Sourcing | Admin only. Optionally create setup records to automate sourcing from the lease to posting transactions. | |
Manage Custom Filters | Admin only. Optionally create setup records to define a custom filter for mass processing screens. | |
| Manage Reporting Packages | Optionally create packages of reports to be generated in bulk. | |
Run Go-Live Journals | For all commenced leases with amortization occurring prior to the NetLease transition date, generate a transition journal entry putting the lease on the GL at the transition date | |
Mass Commence Leases | For all leases in pending status with a schedule generated, update the status to Commenced as a single batch process | |
Run 840 to 842 Conversion | Admin only. Page to initiate the mass conversion of leases on the ASC 840 standard to ASC 842. | |
Time Machine | Admin only. Page to initiate the deletion of journal entries generated from a lease and refresh the lease to a selected time period. | |
Lease Management | New Lease | Create New Lease Record |
Lease List | Review a listing of all existing leases | |
Lease Proposal List | Review a listing of all existing lease proposals | |
Schedule Line List | Review a listing of all the entries already run and scheduled to run | |
Modification List | Review a listing of all lease modifications run | |
Termination List | Review a listing of all lease terminations run | |
Transaction List | Review a listing of all transactions tagged with a lease | |
Mass Update Leases | Mass Lease Schedule Generation | Select from all leases in pending status, to generate or regenerate the lease schedules as one batch process |
Mass Commence Leases | Select from all leases in pending status with a schedule generated, to update the status to Commenced as a single batch process | |
| Mass Modify Leases | Select from all approved NetLease Modification Proposals to mass modify | |
Mass Transfer Leases | Select from all leases in commenced status to transfer the leases as a single batch process | |
| Mass Exercise Renewal Options | Select from all completed leases with renewal options selected to mass renew | |
| Mass Close Out Leases | Select from leases at the end of their lease term to clear out the remaining ROU Asset and ROU Accumulated Amortization balances as a single batch process | |
| Mass Terminate Leases | Select from all leases in commenced status, to terminate the leases as a single batch process | |
Process Monthly Transactions | Monthly Lease Journals | Post Journal Page to initiate journal entries, which can be filtered by JE type, subsidiary, lease type, or specific lease |
Monthly Reclass Journals
| Option to initiate 2 types of reclass journals: 2. Reclass of unpaid interest payable balances embedded in the Lease Liability into Interest Payable (optional process) Note: These reclass journals should be produced after all subledger activity is completed | |
| Monthly Bills | With the Automated Billing feature enabled, this page is used to mark all leases for which bills should be generated for a desired period | |
Approve Lease Journals | Page to initiate the approval of all journals produced by NetLease | |
| View Transaction Processing History | A listing of all NetLease leases broken down by processing status, period, transaction type, etc. | |
| Reports | Favorites | A listing of all standard NetLease reports with the "Favorite" checkbox marked |
| All Reports | A listing of all standard NetLease reports | |
| G/L & Recon Reports | A listing of all NetLease reports used to monitor G/L movements and perform reconciliations | |
| Subledger Reports | A listing of all NetLease subledger reports pulling from the NetLease Lease Schedule Line | |
| Disclosure Reports | A listing of all NetLease required disclosure reports | |
| Management Reports | A listing of all NetLease lease management reports | |
| Admin Reports | A listing of all NetLease admin reports | |
| Generate Packages | Page used to generate and export any compiled report packages |