NetLease

NetLease for NetSuite is a fully integrated lease accounting solution embedded directly within the NetSuite ERP environment, enabling organizations to manage lease compliance with standards such as ASC 842, IFRS 16, GASB 87, and GASB 96 without the need for separate integrations or third-party tools. Key features include automated compliance management with real-time adjustments, amortization schedules, and right-of-use asset tracking, all natively within NetSuite. Users benefit from audit-ready disclosures, automated financial reporting, comprehensive real-time reporting, and one-click journal entries that post directly to the general ledger. NetLease supports customizable workflows, allowing organizations to tailor the lease accounting process—from setup to payment processing—to meet unique requirements. Its fast and scalable setup enables the import of lease data via CSV, robust audit trails, multi-book support, and secure storage for all lease-related documents. NetLease facilitates seamless AP reconciliations, ties lease payments to journal entries, and ensures full visibility and control over the lease lifecycle for growing businesses.​​