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
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.
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.
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.
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.
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.
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