NetLease 2021.3
NETLEASE VERSION 2021.3 KEY UPDATES
- New lease status: Pending Close Out
- In order to better manage leases that have reached the end of their lease terms, leases will be marked as "Pending Close Out" once they post their final month of amortization (unless Automate Close Out is enabled). Navigate to NetLease > Mass Update Leases > Mass Close Out Leases to close out remaining balances on these leases or renew them.
- NetLease Final Period Entry renamed NetLease Close Out Entry
- Reporting Enhancements
- New option to export scripted reports as an .xlsx file
- Leverage report packaging to export multiple reports into a single .xlsx file
- New journal entry reports can be used to export expected G/L impacts of leases
- Updated look and feel for scripted reports
- Automated Vendor Bill Generation
- Ability to auto-generate vendor bills in bulk based on lease payments
- Non-Lease Payments
- Ability to track and post any non-lease payments as lease expenses
- Improved UI for booking Custom Reclass Journals
- Fixed issue getting reclass journals bulk approved (introduced by change to system journals in NetLease 2021.2)
- Bug fixes for processing multi-book leases where the primary classification is Short-Term/Low Value and the Secondary Classification is Operating or Financing
WHAT DO YOU NEED TO DO?
- Your NetSuite Administrator should update your NetLease bundle (Customization > SuiteBundler > Search and Install Bundles > List). Refer to the following link for instructions on how to update the bundle: Updating the Bundle
- Make sure the "NetLease Saved Report" record has a "Preference" of "Merge Data" (may read as "NetLease Report" if bundle has already been updated to 2021.1)
- Cutover any permissions applied to "DEPRECATED: NetLease - Journal SL" and "DEPRECATED: NetLease - Reclass SL" deployments to their new script deployments located on "NetLease - Journal SL":
- Reach out with questions on any of the new features