Easy, audit-ready compliance for ASC 842, IFRS 16 and GASB 87 in native NetSuite

NetLease for NetSuite supports lease reporting and decision making for all your leases natively within your NetSuite instance

Lease Portfolio Composition Lease Portfolio Composition - Mobile
The #1 native SuiteApp to efficiently manage your lease accounting
Compliant
Automated
Audit-ready
Embedded
Affordable
Trouble-free
Time-saver
Secure
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NetLease for NetSuite makes lease accounting look easy

Configurable dashboard
for full visibility

Automated creation of lease
schedules

Everything is easily found on
the lease record

Everything related to the lease is easily input, linked
to, and displayed throughout NetLease

Everything related to the lease is easily input,
linked to and displayed, such as vendor bills

Automated creation of
journal entries

All lease modification types are
fully supported

The journal entries and lease schedule updates
are automatically performed after each modification

Comprehensive reporting available
on day one

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NetLease delivers more than just compliance

Embedded in NetSuite

As a Native SuiteApp, NetLease puts lease accounting and compliance where it should be — in your core financial system. Install NetLease, and Netgain’s lease accounting processes and automation will be embedded into your NetSuite account, eliminating painful reconciliations, integrations and concerns about security and data integrity common with third-party apps.

Native means no integration is needed

As a Native SuiteApp, no integration is necessary. NetLease appears in NetSuite’s navigation and capably uses all its core functionality.

Easy setup and flexible configuration

Getting started is simple. Collect your lease data and import via CSV into the familiar NetSuite user interface. Businesses with less than 50 leases can be compliant in three days.

One-click transition from ASC 840 to 842

We added a button that can recalculate your leases in bulk to the current standard.

Powerful lease reporting

Flexible reporting provides visibility into your leases throughout the entire lease lifecycle. From configuration to termination, and all the monthly transactions in between, you can make informed decisions using real-time information and forecast based on trends.

Push-button reporting for FASB, IFRS and GASB disclosures

Out of the box reports for disclosures, roll-forward and forecasting are easy to run and always at the ready — including dashboard reporting, and key date notifications so you will never miss a renewal.

Compliant with IFRS 16 and FASB ASC 842 requirements for lessee and lessor accounting

Purpose-built by ex-big 4 CPAs and experts in lease accounting to comply with the disclosure and operational requirements of the new account standards. We have customers audited by each of the big 4 audit firms, who have signed off on the accounting and disclosures produced by NetLease.

Supports lease reporting and decision making throughout the entire lease lifecycle

With all of your lease and operational data residing together within NetSuite, you have instant access to combined reporting and analysis at your fingertips so you can choose what contracts to pursue, modify or renew

100% drill-down capability

All transactions and data are connected so you can tick and tie and link within NetSuite’s common database, including lease documentation, transaction details, vendor bills and system notes

Direct links between lease liabilities and right of use (ROU) assets

Your lease amortization schedule is captured in a single table with clear indications of how balances are sourced and calculated

Full lease automation

Input lease data and NetLease automates calculations for lease liability and right-of-use (ROU) asset, automatically books journal entries to the general ledger month over month and provides easy automated modifications and terminations.

Integrated AP management

NetLease is fully integrated into NetSuite’s accounts payable process, removing the disconnect between lease payments and lease journal entries, and identifying payment errors in real-time. Say goodbye to the dreaded month end lease payments reconciliation process. 

Robust end-to-end audit trail

Our click-by-click audit trail provides detailed tracking to easily create detective controls within your internal control environment. Includes time and date stamp, shows changes made and identifies the user who made them.

Capture financial and non-financial data

Unlimited ability to capture additional detail through customizable fields and forms on the lease record including contract provisions, key dates and added links to all NetSuite or external information.

Store and access key lease details

Both financial and non-financial documents for each lease record are easy to access within NetSuite. Upload image files, Microsoft Office files, PDFs and more.

Real-time visibility

Information is accessible anytime, anywhere in the NetSuite cloud, so updates are immediately reflected in reporting, disclosures and the general ledger

Lease classifications

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

One-click month end close

Complete journal entry automation from lease entries to properly booking the long-term and short-term lease liabilities.

International capabilities

Leveraging native NetSuite’s foreign currency functionality including international subsidiary consolidation, automated exchange rate feed for proper multicurrency and functional currency accounting.

Solutions for lessees and lessors

Like NetLease for Lessees, Lessors get all the same functionality and lease automation, while gaining calculations of implicit rates and discount rates, and integration with native billing, inventory and fixed asset management.

Netgain’s ongoing support

Quality set-up, implementation and training, guaranteed support responses, deep technical accounting expertise and optional consulting services mean Netgain’s customers are a satisfied group. We share our product roadmap with customers, outlining enhancements and new features, often based on user feedback.

Backed by Oracle NetSuite

Built on Oracle NetSuite’s powerful platform, Netgain’s solutions are backed by the might of Oracle’s security and data management practices. No customer data is stored in NetLease.

Choose the NetLease for NetSuite product that’s right for you

NetLease Go Free

Free

FREE

  • 3 leases included
  • Unlimited users
  • Fully GAAP compliant
  • Oracle NetSuite unified financial database and security
  • Self-service installation & setup
  • Knowledge base access

NetLease Go

$888 billed annually

  • 10 leases included
  • $75 per additional lease offered in bands of 5
    (volume discounts available)
  • Modifications
  • Contract provisions and notifications
  • Lease proposals
  • Disclosure reporting including roll-forward and waterfall
  • Access to Netgain SOC1
  • Basic support with two setup calls
  • Knowledge base access

NetLease Max

Call for pricing

  • Unlimited leases
  • Fully automated transaction postings to the general ledger
  • Automated FX remeasurement for foreign currency leases
  • Multi-book reporting
  • Enhanced support customized to your needs
  • Email reply guaranteed within two business days
  • Knowledge base access
Features

NetLease Go Free

  • Generate amortization schedules
  • Disclosure reporting for ASC 842, IFRS 16 and GASB 87
  • Built-in NetSuite-managed role access
  • Summary and detailed journals
  • Access to Netgain knowledge base
  • Segregate leases by type
  • Support for operating, financing, short term and operating sublease
  • Create and populate additional notes and fields
  • Generate and adjust lease amortization schedules
  • Automatically adjust schedules for pre-paid lease payments, initial direct costs and lease incentives
  • Input variable payments
  • Complete audit trail
  • Capture department class location and other segmentation information
  • Calculate payments in advance or arrears
  • Upload agreements and any other documents to lease record
  • Early terminations

NetLease Go

Includes all NetLease Go Free features while adding:

  • Standard lease modifications
  • Decreases in scope
  • ROU impairments
  • Capture additional disclosures including residual values and variable rates
  • Capture and report on all key contract provisions, associated dates and amounts, including renewals, terminations, insurance and other key clauses
  • Capture details of exercised contract provisions
  • Access to Netgain SOC1
  • Lease proposals and automated classification determination
  • Additional custom lease types

NetLease Max

Includes all NetLease Go features while adding:

  • Fully automated transaction postings directly to the general ledger:
    1. Initial balance
    2. Amortization
    3. Modifications
    4. Final Period
    5. Termination
    6. Transition
    7. Short-term reclass
    8. Vendor bills
  • Separate account mappings for each lease type
  • Automated FX remeasurement for foreign currencies
  • Multi-classification details – reference balances for operating and financing
  • Multi-book – IFRS 16 and ASC 842 dual reporting
  • Custom sourcing, filters and segments
  • Configured for access with existing role assignments and permissions
  • Configured role assignment and segregation of duties
  • Direct connection to the vendor bill
  • Vendor bill creation
  • Full-service implementation
  • 100% drill-down
  • Sub-list views of all lease transactions – see links to all underlying activity
Reporting

NetLease Go Free

  • Journal entry reports
    1. Summary and detail periodic GL impact report
    2. Short-term reclass report
  • Disclosure reports
    1. Components of lease cost
    2. Lease liability maturity analysis
    3. Supplemental balance sheet information
    4. Supplemental cash flow information
    5. Weighted average discount rate and term reports

NetLease Go

Includes all NetLease Go Free features while adding:

  • Lease balance roll forward reporting
  • Lease expense and payment waterfall reporting
  • Subledger reports
    1. Full subledger amortization schedules
    2. Lease expense, interest, payment waterfall reports
    3. Lease activity report for amortization, modification and termination activity report
  • Other management reports
    1. Lease additions
    2. Leases expiring within 90 days
    3. Contract provisions key dates coming due

NetLease Max

Includes all NetLease Go features while adding:

  • All canned reports plus fully customized additional reporting
  • Access to our expert lease accountants during implementation to create any necessary custom reporting
  • Automated GL posting reconciliation reporting
Support

NetLease Go Free

  • Self-service installation & setup
  • Knowledge base access with video tutorials

NetLease Go

  • Basic support with 1 hour setup call
  • Knowledge base access with video tutorials

NetLease Max

  • Enhanced support customized to your needs
  • Access to product road map
  • Email reply guaranteed within two business days
  • Knowledge base access with video tutorials

NetLease Go Free

Free

FREE

  • 3 leases included
  • Unlimited users
  • Fully GAAP compliant
  • Oracle NetSuite unified financial database and security
  • Self-service installation & setup
  • Knowledge base access
Features

NetLease Go Free

  • Generate amortization schedules
  • Disclosure reporting for ASC 842, IFRS 16 and GASB 87
  • Built-in NetSuite-managed role access
  • Summary and detailed journals
  • Access to Netgain knowledge base
  • Segregate leases by type
  • Support for operating, financing, short term and operating sublease
  • Create and populate additional notes and fields
  • Generate and adjust lease amortization schedules
  • Automatically adjust schedules for pre-paid lease payments, initial direct costs and lease incentives
  • Input variable payments
  • Complete audit trail
  • Capture department class location and other segmentation information
  • Calculate payments in advance or arrears
  • Upload agreements and any other documents to lease record
  • Early terminations
Reporting

NetLease Go Free

  • Journal entry reports
    1. Summary and detail periodic GL impact report
    2. Short-term reclass report
  • Disclosure reports
    1. Components of lease cost
    2. Lease liability maturity analysis
    3. Supplemental balance sheet information
    4. Supplemental cash flow information
    5. Weighted average discount rate and term reports
Support

NetLease Go Free

  • Self-service installation & setup
  • Knowledge base access with video tutorials

NetLease Go

$888 billed annually

  • 10 leases included
  • $75 per additional lease offered in bands of 5
    (volume discounts available)
  • Modifications
  • Contract provisions and notifications
  • Lease proposals
  • Disclosure reporting including roll-forward and waterfall
  • Access to Netgain SOC1
  • Basic support with two setup calls
  • Knowledge base access
Features

NetLease Go

Includes all NetLease Go Free features while adding:

  • Standard lease modifications
  • Decreases in scope
  • ROU impairments
  • Capture additional disclosures including residual values and variable rates
  • Capture and report on all key contract provisions, associated dates and amounts, including renewals, terminations, insurance and other key clauses
  • Capture details of exercised contract provisions
  • Access to Netgain SOC1
  • Lease proposals and automated classification determination
  • Additional custom lease types
Reporting

NetLease Go

Includes all NetLease Go Free features while adding:

  • Lease balance roll forward reporting
  • Lease expense and payment waterfall reporting
  • Subledger reports
    1. Full subledger amortization schedules
    2. Lease expense, interest, payment waterfall reports
    3. Lease activity report for amortization, modification and termination activity report
  • Other management reports
    1. Lease additions
    2. Leases expiring within 90 days
    3. Contract provisions key dates coming due
Support

NetLease Go

  • Basic support with 1 hour setup call
  • Knowledge base access with video tutorials

NetLease Max

Call for pricing

  • Unlimited leases
  • Fully automated transaction postings to the general ledger
  • Automated FX remeasurement for foreign currency leases
  • Multi-book reporting
  • Enhanced support customized to your needs
  • Email reply guaranteed within two business days
  • Knowledge base access
Features

NetLease Max

Includes all NetLease Go features while adding:

  • Fully automated transaction postings directly to the general ledger:
    1. Initial balance
    2. Amortization
    3. Modifications
    4. Final Period
    5. Termination
    6. Transition
    7. Short-term reclass
    8. Vendor bills
  • Separate account mappings for each lease type
  • Automated FX remeasurement for foreign currencies
  • Multi-classification details – reference balances for operating and financing
  • Multi-book – IFRS 16 and ASC 842 dual reporting
  • Custom sourcing, filters and segments
  • Configured for access with existing role assignments and permissions
  • Configured role assignment and segregation of duties
  • Direct connection to the vendor bill
  • Vendor bill creation
  • Full-service implementation
  • 100% drill-down
  • Sub-list views of all lease transactions – see links to all underlying activity
Reporting

NetLease Max

Includes all NetLease Go features while adding:

  • All canned reports plus fully customized additional reporting
  • Access to our expert lease accountants during implementation to create any necessary custom reporting
  • Automated GL posting reconciliation reporting
Support

NetLease Max

  • Enhanced support customized to your needs
  • Access to product road map
  • Email reply guaranteed within two business days
  • Knowledge base access with video tutorials

Choose the lease management solution that’s right for you

Internally Managed Lease Accounting

The “I’ve Got This”
Solution

I want audit-ready compliance I can manage built right into NetSuite

NetLease App features:

  • Compliant with ASC 842, IFRS 16 and GASB 87
  • Push-button disclosure reporting
  • Full lease lifecycle automation
Externally Managed Lease Accounting

The “I’ve Got Enough
To Do” Solution

I want audit-ready compliance delivered to my inbox in 3 business days

NetLease Complete features:

  • Compliant with ASC 842, IFRS 16 and GASB 87
  • Managed by experts
  • Turnkey audit-ready disclosure package
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Video Demo

Watch a video demo

WATCH NOW

Get in touch with us

TALK TO SALES
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