NetLease

What NetLease is

NetLease is lease-accounting software embedded in NetSuite. It automates lease calculations, amortization schedules, and right-of-use asset tracking, and recalculates leases after modifications, reassessments, or early terminations. It supports ASC 842, IFRS 16, GASB 87 and 96, and FRS 102. Within NetSuite, users can access lease data, reports, and disclosure statements in real time; the software also posts journal entries to the General Ledger. Optional Percentage Rent automates overage rent calculations and billing, while Multibook posts a secondary book and keeps the two books in sync. Netgain says it provides assurance through annual SOC reports. Every customer receives Base Support, with Enhanced and Platinum tiers available. Listed average email response times are 24–48 hours for Base, four business hours for Enhanced, and two business hours for Platinum. Production accounts have a license-tier lease limit; exceeding it requires an upgrade. NetLease is web-based and paid, with pricing on request that varies by lease count and compliance needs.

Who it suits

NetLease suits organizations using NetSuite that need lease accounting and audit-ready reporting. Its users should account for license-tier lease limits and the cost, which is provided on request.

Limits

Production accounts have a maximum lease count based on their license tier; exceeding that count requires a license upgrade. Pricing varies by lease count and compliance needs.

Getting started

1. Visit https://www.netgain.tech/netlease-for-netsuite.
2. Use the web-based product within NetSuite.
3. Request pricing based on your lease count and compliance needs.
4. Select a license tier that accommodates the production account’s lease count.
5. Use Base Support, or consider the optional Enhanced or Platinum tier.

Verdict

NetLease brings lease calculations, changes, reporting, and journal entries into NetSuite. Pricing depends on lease count and compliance needs, and production lease limits depend on the license tier.