Automating lease accounting in NetSuite using NetLease
RECORDED WEBCAST |
The FASB ASC 842 standard presents a wide range of implications that will require most operating leases to be reflected on the balance sheet. Without adequate planning and preparation, many companies will struggle to maintain their leases if the process is not integrated into NetSuite. The potential impacts will include lost time, lost productivity and missed key dates because many companies lack the required technical accounting knowledge and will likely require a lease accounting software package.
View our webcast to learn how ASC 842 changes accounting requirements and how to capture required information and perform necessary calculations in NetSuite. Netgain’s NetLease management tool was designed by experienced accounting and NetSuite professionals to enable businesses to operationalize the requirements of ASC 842 and IFRS 16. NetLease, a “Built for NetSuite” certified solution, supports lease management and accounting including compliance with the new lease accounting standards. It will manage the complete lease life cycle for companies with just a few simple leases to those with thousands of complex leases.
Key presentation highlights include:
- Lease accounting standard highlights
- Why NetLease? (for NetSuite users)
- A demonstration of NetLease basics
- Implementation lessons learned