Last Updated
Overview
NetLease streamlines lease accounting directly within NetSuite, supporting compliance with ASC 842 and IFRS 16. Setup can be complex without accounting expertise, but once configured, it automates schedules, journal entries, and disclosures. For NetSuite users, it’s a practical solution for managing lease data with accuracy and control.
Overall Rating
Based on 14 users reviews
4.9
Rating Distribution
Positive
100%
Neutral
0%
Negative
0%
Starting Price
Custom
NetLease Specifications
- Tenant Management
- Lease Management
- Property Accounting
- Document Management
What Is NetLease?
NetLease is a lease accounting solution built exclusively for companies using NetSuite, with a focus on finance teams in industries that manage multiple lease agreements. Designed to help businesses meet the demands of ASC 842 and IFRS 16 standards, it simplifies compliance and reporting processes within a familiar ERP environment. The software supports organizations that need to centralize lease data and reduce manual workloads tied to accounting regulations. NetLease addresses common challenges such as scattered lease information, time-consuming calculations, and audit preparation, making it a useful tool for firms seeking accuracy and efficiency in lease accounting.
NetLease Pricing
NetLease Integrations
NetLease software seamlessly integrates with various applications, including:
- Amazon
- Walmart
- ShipStation
- Shopify
- Magento
- BigCommerce
- Wayfair
Who Is NetLease For?
The software is designed to accommodate organizations of all sizes and supports a diverse range of industries, such as:
- Manufacturing
- Retail
- Healthcare
- Financial Services
- Technology
- Education
- Nonprofits
- Transportation
Is NetLease Right For You?
NetLease software is a strong choice for businesses needing accurate lease accounting within NetSuite. It reduces manual work, ensures compliance with accounting standards, improves reporting clarity, supports audit readiness, and centralizes lease data. These benefits help organizations save time, lower risk, and maintain consistent financial oversight.
Still not sure if NetLease is right for you? Reach out to our customer support team at (661) 384-7070, they’re available to help you find the best solution for your specific needs.
NetLease Features
Automated Compliance with Lease Accounting Standards
NetLease ensures ongoing compliance with ASC 842, IFRS 16, GASB 87, and GASB 96 by automating adjustments, amortization schedules, and right-of-use asset tracking directly within NetSuite. This automation reduces manual effort and helps maintain accurate financial records.
Real-Time Lease Reporting
NetLease offers real-time reporting tools, including audit-ready disclosures and automated financial reports. Users can generate single-click journal entries and gain full visibility into lease data, facilitating informed decision-making and efficient audit preparation.
Seamless Integration within NetSuite
As a native NetSuite application, the software eliminates the need for third-party integrations. It allows direct posting to the general ledger, automates accounts payable reconciliations, and keeps all lease data secure and easily accessible within the existing ERP system.
Customizable Workflows For Lease Management
The platform provides fully customizable workflows, enabling businesses to tailor lease setup and payment processing to their specific needs. This flexibility ensures that the lease accounting system aligns with organizational requirements and enhances operational efficiency.
Quick Setup and Scalability
With intuitive CSV imports and a user-friendly setup, NetLease facilitates rapid implementation. The software is scalable, accommodating businesses managing a few leases to those handling hundreds, allowing for growth without complex configurations.
Pros And Cons of NetLease
Pros
Native integration with NetSuite simplifies workflows and eliminates the need for third-party tools
Intuitive design makes it easy for accounting teams to navigate and manage lease data
Automatically calculates lease liabilities and right-of-use assets, reducing manual errors
Offers detailed reports for financial disclosures, aiding in compliance with ASC 842 and IFRS 16
Users report quick and helpful responses from the support team
Cons
Some users experienced longer implementation periods than anticipated
Handling subleases can be challenging, especially with direct payments to landlords
Some advanced features are only available in higher-tier plans
NetLease Reviews
Total 14 reviews
4.9
All reviews are from verified customers
Rating Distribution
5
Stars93%
4
Stars7%
3
Stars0%
2
Stars0%
1
Stars0%
Share your experience
Biotechnology, 51-100 employees
More than a year
“Good lease management software”
Pros
Its great that lease reporting and decision-making throughout the lease cycle are fully supported by NetLease.
Cons
I don't have any issues to mention. I really like everything about NetLease.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Retail, 51-100 employees
Less than 6 months
“Simple tool and very reliable”
Pros
Implementing NetLease was pretty simple but prepare to invest a significant amount of time on data entry and reviewing contracts. Gathering information alone took us about 50 hours. The software itself is easy to use and update, but fixing errors can be difficult, so make sure double check your data before going live. We especially rely on the reconciliation reports, clearing accounts, automatic amortization, go live and reclass entries and renewal reminders.
Cons
The integration was pretty smooth and helped us streamline a lot of processes, especially reducing some email workload. However it would be great to have automated reports and reconciliations sent directly to our email. Also the non lease payment add on, while useful, isn't included in the free version.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Hospitality, 500+ employees
Less than a year
“Excellent tool with great support”
Pros
The platform is userfriendly and the online portal contains all the important information.
Cons
The go live entry was a bit frustrating when some accounts were not set up properly.
Rating Distribution
Ease of use
10
Value for money
8
Customer Support
10
Functionality
10
Frequently Asked Questions
Does NetLease offer an API?
Yes, NetLease offers an API.
Does NetLease have a mobile app?
No, NetLease does not have a mobile app.
What language does NetLease support?
NetLease supports the English language.
What types of pricing plans does NetLease offer?
NetLease price depends on business needs. Users can also get a custom quote according to their needs.
What other apps does NetLease integrate with?
NetLease integrates with Amazon, Walmart, Shopify, Magneto, and many others.
Who are the typical users of NetLease software?
NetLease is used by healthcare, retail, education, and several other industries.
What level of support does NetLease offer?
NetLease offers phone support, email, chat, FAQS, and Knowledge Base.