Full lease automation handles revenue recognition while seamlessly integrating with billing, inventory and fixed assets. Transaction postings can be automated all the way to the general ledger.
An embedded solution means compliance and automation are built into your core financial system so journal entries can be booked right into the general ledger
Simply enter lease details into NetLessor and the system does the rest: classifying lease type, calculating discount rates and generating payments (to name a few)
Dozens of prebuilt reports provide both birds-eye and drilled-down views of lease revenue to better inform business decisions with lease payment waterfall and full amortization schedule details
Simply enter lease details and watch the calculations cascade. NetLessor automatically calculates, classifies, and generates invoices, taking the guesswork out of lease accounting.
View dozens of prebuilt reports including payment schedules, leases ending within 90 days, forecasted reports, lease payment waterfall and full amortization schedule details. 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.
As a Native SuiteApp, NetLessor puts lease accounting and compliance where it should be — in your core financial system. Install NetLessor, 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.
As a Native SuiteApp, no integration is necessary. NetLessor appears in NetSuite’s navigation and capably uses all its core functionality.
Getting started is simple. Collect your lease data and import via CSV into the familiar NetSuite user interface. Automation and compliance can be ready to go in days, not weeks or months.
We added a button that can recalculate your leases in bulk to the current standard.
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.
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 NetLessor.
With all lease and operational data residing together within NetSuite, get instant access to combined reporting and analysis so you can choose what contracts to pursue, modify or renew
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
Your lease amortization schedule is captured in a single table with clear indications of how balances are sourced and calculated
NetLessor is fully integrated into NetSuite’s accounts payable process, removing the disconnect between lease invoices and lease journal entries, and identifying payment errors in real-time. Say goodbye to the dreaded month-end lease payments reconciliation process.
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.
See implicit rates and discount rates to better understand interest on lease income.
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.
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 NetLessor.