NetLease for NetSuite
Lease accounting software built specifically for NetSuite
Leave manual lease accounting behind. NetLease streamlines time-consuming lease accounting tasks like modifying and terminating leases, generating disclosures statements, and preparing for audits. Gain efficiency and maintain compliance with ASC 842, IFRS 16, GASB 87 & 96, and FRS 102 with lease accounting software built directly in NetSuite to allow your team to focus on what matters most.
Common challenges in lease accounting
Many accounting teams still rely on spreadsheets or third-party software outside of NetSuite to manage leases, putting compliance, reporting, and audits at risk, among other challenges.
Spreadsheets and disconnected third-party systems
Relying on spreadsheets and disconnected third-party platforms to manage lease data introduces version control issues, manual rekeying, and limited validation, making it difficult to maintain accuracy, consistency, and audit readiness as lease volumes and complexity grow.
How NetLease simplifies lease accounting
Gain confidence with NetSuite lease accounting software by automating complex lease accounting tasks, while supporting compliance, accuracy, and audit readiness.
Automated lease accounting
Automate lease calculations, amortization schedules, and right-of-use asset tracking to support compliance with ASC 842, IFRS 16, GASB 87 & 96, and FRS 102.
Simplified lease changes
Automate lease modifications, reassessments, and early terminations with recalculations that keep balances consistent and reliable.
Audit-ready visibility in NetSuite
Access accurate lease data, reports, and disclosure statements in real time, all directly within NetSuite, without relying on spreadsheets or disconnected tools.
Signifyd reduces time spent managing leases by 50% with NetLease
Before NetLease, Signifyd’s accounting team relied on a complex ASC 842 spreadsheet to manage leases, spending nearly eight hours each month on manual journal entries, reconciliations, and payments. After implementing NetLease, Netgain’s lease accounting software, those processes were automated directly within NetSuite, cutting lease accounting time in half to less than four hours per month. With accurate data, simplified workflows, and audit-ready reporting, the team gained confidence in their numbers and freed up time to focus on higher-value accounting and compliance work.
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See NetLease in action
See how Netgain’s lease accounting software, NetLease, brings lease accounting into NetSuite with automation that supports compliance, accuracy, and audit readiness.
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Leases housed in platform
Explore the benefits of NetSuite lease accounting software
Built directly in NetSuite
NetLease is fully embedded within NetSuite, keeping all lease data in the same place. Journal entries post directly to the General Ledger, supporting reliable audit trails and eliminating disconnected tools.
Accurate, compliant reporting
Generate audit-ready reports and disclosures with confidence. NetLease helps ensure lease data stays accurate and aligned with ASC 842, IFRS 16, GASB 87 & 96, and FRS 102 requirements.
Simplified lease changes
Lease modifications, reassessments, and early terminations are automated with recalculations that keep balances consistent throughout the lease lifecycle.
Scale with your lease complexity
As lease activity grows across entities, currencies, or accounting books, NetLease maintains accuracy without adding complexity or manual effort.
Discover how Netgain customers streamline audits and lease management with NetLease
Accounting teams at growing, publicly traded companies rely on NetLease to simplify lease accounting, improve audit readiness, and gain full financial visibility, all directly inside NetSuite.
"It’s clear that we save a significant amount of time, especially when it comes to reconciliation, tying out, and making sure we have proper support for auditors. It’s invaluable to have that."
"Before, we were closing all month long. As soon as we finished one close, we’d start on the next. Now, we’re done by the 15th. Netgain has helped our financial processes feel a lot more organized."
"It’s not that our close got faster—it’s that we spend less time on manual execution and more time on analytics. That’s a big deal for us."
Simplify lease accounting with NetLease today
Automate complex lease accounting tasks and give your accounting team time back.
Lease accounting resources
Lease accounting software FAQs
Lease accounting is the process of recording, tracking, and reporting lease agreements on financial statements. Under modern standards like ASC 842, IFRS 16, and GASB 87 & 96, organizations must recognize most leases on the balance sheet as right-of-use (ROU) assets and corresponding lease liabilities.
Learn more about lease accounting standards.
Lease accounting software automates the calculations, schedules, and reporting required to manage leases in compliance with accounting standards. Solutions like NetLease for NetSuite replace spreadsheet-based processes with a centralized system that tracks lease activity, generates journal entries, and supports accurate reporting directly within NetSuite.
ASC 842 is the U.S. lease accounting standard under GAAP that requires companies to recognize most leases on the balance sheet. It introduces new requirements around lease classification, measurement, disclosures, and ongoing reassessments, including distinctions between operating and finance leases.
Absolutely! Lease accounting software like NetLease supports compliance with ASC 842, IFRS 16, and GASB 87 & 96 by automating calculations, disclosures, and reporting. This is especially valuable for organizations navigating UK lease accounting standards or preparing for changes such as FRS 102 lease requirements, where accuracy and documentation are critical.
NetLease is built directly within NetSuite, allowing accounting teams to manage leases in one place. Lease activity automatically posts to the general ledger, supporting real-time visibility, reliable audit trails, and seamless integration with existing financial processes.
NetLease is purpose-built for NetSuite users who need a reliable, scalable lease accounting solution, offering automated calculations, simplified lease changes, and audit-ready reporting. Many organizations compare solutions like FinQuery when evaluating lease accounting software.
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