NetGain + NetSuite Integration

NetGain is a native NetSuite SuiteApp for ASC 842 lease accounting. Your leases, amortization schedules, and journal entries live inside NetSuite -- not in a separate system -- so there's no export/import cycle and auditors can drill from the GL to the underlying lease record directly.

ASC 842 Compliance Inside NetSuite, Not Next to It

Most lease accounting solutions sit outside your ERP. You maintain lease data in one system, run calculations there, then export journal entries to post in NetSuite. Two systems, two data sets, two places where things can diverge.

NetGain takes a different approach. It's a native SuiteApp that runs directly inside NetSuite. Your leases, calculations, amortization schedules, and journal entries all live in the same database. No exports, no imports, no reconciliation between systems.

This matters more than it sounds. When your auditors ask about a specific lease journal entry, you can drill down from the GL transaction to the underlying lease record without switching applications. When a lease gets modified, the recalculation and journal adjustments happen in the same system.

What We Build

Lease Data Setup: We migrate your existing lease portfolio into NetGain's lease records within NetSuite. This includes the initial measurement calculations -- present value of lease payments, right-of-use asset values, and lease liability balances. For companies transitioning from spreadsheets, this is the most labor-intensive part.

Amortization Schedules: NetGain calculates monthly amortization for both the ROU asset and the lease liability. These schedules generate journal entries automatically on your posting calendar. We configure the GL account mappings based on your chart of accounts and how you want to slice lease costs (by department, location, class, or subsidiary).

Lease Modifications: Leases change constantly. Extensions, terminations, payment adjustments, scope changes. Each modification triggers a remeasurement under ASC 842. NetGain handles the recalculation and posts the required catch-up or prospective adjustments automatically.

Reporting: We set up the disclosure reports required under ASC 842 -- lease cost breakdowns, maturity analyses, weighted average remaining lease terms and discount rates. These pull directly from your NetSuite data, so they're always current.

Technical Considerations: Since NetGain is a SuiteApp, installation goes through NetSuite's bundle mechanism. There's no middleware or API layer to maintain. The main technical work is configuring custom records, scripted workflows for approval routing, and ensuring your GL segments align with NetGain's posting logic.

Key Benefits

• Single source of truth. Lease data and financial data in one system eliminates reconciliation headaches.
• Automated journal entries. Monthly amortization posts without manual intervention.
• Modification handling. Lease changes trigger automatic remeasurement -- no more spreadsheet gymnastics.
• Audit-friendly. Full drill-down from GL to lease record, with a complete history of every calculation.
• Multi-subsidiary support. Each subsidiary can have its own discount rates and posting rules.

Is This Right for You?

If you're on NetSuite and subject to ASC 842 (or IFRS 16), NetGain is one of the strongest options available. The native integration eliminates the dual-system headache that plagues most lease accounting setups.

It's less compelling if you only have a handful of leases. For five or fewer simple office leases, a spreadsheet with manual journal entries might be fine. But once you're managing 20+ leases with periodic modifications, the automation and compliance features earn their keep quickly.

Frequently Asked Questions

Is NetGain a native NetSuite SuiteApp for lease accounting?expand_more

How does NetGain handle ASC 842 lease modifications?expand_more

How long does a NetGain implementation take in NetSuite?expand_more

Let's discuss your lease accounting needs