Uncertain about auditing clients under the new lease accounting standards?

Bring confidence into the equation with NetLease for Auditors. This tool provides the most efficient and standardized way to generate and check lease accounting details for any point in a lease’s lifecycle.

Simply enter the lease contract details and get complete amortization schedules and journal entries based on ASC 842, IFRS 16 and GASB 87 guidelines.

No more reverse engineering each client’s lease accounting spreadsheet or system.

Plus, it provides everything clients need for GAAP-compliant reporting. Whether your clients have transitioned to the new standards or not, NetLease for Auditors will save time and reduce the unpredictability of auditing lease accounting.

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Top features of NetLease for Auditors

All audit clients are displayed on the login screen

Client screen showing all leases for the selected client. Enter new lease here.

Input lease name, type, classification, start dates, initial payment, interest rate, and payment type (advance or arrears)

Input future lease payment amounts and schedule

After inputs are made, the amortization schedule populates and is displayed

Once the lease is created, lease classification (operating vs finance) can be reviewed based on the applicable standard

Ability to modify the lease. In this example, the lease is extended mid-year and payment schedule is updated.

The modification is now reflected in the amortization schedule. Notice the change in straight-line lease expense after the modification.

With the lease entered, a variety of reports are available, including required disclosures and journal entries

Reports are exported into excel for easy viewing

Built for efficient auditors to increase margins and save time on the audit

Simplified

Compliance

Easy scoping

Built for audit firms

Time-saving

Reporting

An easy way to check clients’ lease accounting

Purpose-built to the latest lease accounting standard, allows auditors to verify a client’s lease accounting calculations using our automated amortization schedules

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Everything needed for lease auditing and accounting compliance

Auditors can generate complete journal entries for GAAP, GASB or IFRS compliant financial statements

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Takes the guesswork out of scoping

This fixed-price auditing tool allows unlimited auditors, leases and clients per license, removing much of the guesswork when scoping resources and costs

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Powerful tools that will cover any clients' leases

For audit firms of all sizes, virtually all leases, even complex leases with early terminations or modifications, can be tested for accuracy

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Reverse engineering client’s lease spreadsheets is painful

Simply enter the lease details into NetLease for Auditors to get the necessary schedules and journal entries quickly and easily for compliance with new lease accounting standards, to compare against the client’s work

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Say goodbye to reporting headaches

Easily generate reports including journal entry, disclosure, roll forward and amortization schedules. Plus, more reports include lease expense, interest, and payment waterfall

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NetLease for Auditors assures auditing efficiency giving your firm the competitive advantage

Unlimited auditors, clients and leases per license

For audit firms of all sizes, NetLease for Auditors provides a fixed-cost solution for every lease.

Builds complete amortization schedules

Generates all necessary journal entries for compliance with new lease accounting standards and exports to a variety of file types.

Supports modifications

This tool can handle complex and changing leases including standard modifications, decreases in scope and ROU impairments.

Push-button reporting for the new lease accounting disclosures

Out of the box reports for disclosures like the weighted average term and rate, along with roll-forward and waterfall reports that are easy to run and always ready.

Compliant with IFRS 16, GASB 87 and ASC 842 requirements for lease accounting

Purpose-built by ex-big four CPAs and experts in lease accounting to comply with the disclosure and operational requirements of the new account standards. We have customers who have transitioned onto the new lease accounting standards that have been audited by each of the big four audit firms.

Lease classifications

Systematic determination of lease classification — financing vs operating. Just enter the variables and NetLease for Auditors will automatically choose the right classification.

Sensitivity analysis for client errors

Using our automated amortization schedules, quickly review client inputs to determine whether an adjusting entry is required.

Netgain’s ongoing support

Quality training, knowledge base access, guaranteed support responses, deep technical accounting expertise with our team of CPAs and experts in lease accounting, and optional consulting services mean Netgain’s customers are a satisfied group.

A tool made by experienced auditors and CPAs

We have been in your shoes. We have spent decades in the trenches, auditing clients and looking for any edge to increase accuracy and speed to completion. Our mission is to help you do your job smarter, better and to make the intensity of audit season a little more manageable.

Audit your clients’ lease accounting calculations faster

Trusted by brands you know

Uncertain about auditing clients under the new lease accounting standards?

Top features of NetLease for Auditors

What you get with NetLease for Auditors

NetLease for Auditors assures auditing efficiency giving your firm the competitive advantage

Automate your lease auditing process

Schedule a demo with our CPAs

Automate your lease auditing process

Schedule a demo with our CPAs