NetLessor Menu & Navigation
NetLessor Menu - Center Tabs & Categories
With the installation of NetLessor, a new NetLessor drop-down menu will be deployed along the center tab within each user’s NetSuite environment. The native drop-down schedule will appear as follows upon installation:
With standard configuration of NetLessor, you will have additional menu items added. Please note, however, that the menu items and reports shown below are included with our standard implementation but can be configured differently by your administrator as desired to best meet your specific needs.
Standard Menu Detailed Descriptions
Each of the standard menu items have corresponding functionality:
| Main Menu | Menu Sublist Item | Navigation Description |
|---|---|---|
NetLessor Overview | N/A | NetLessor dashboard home page, which can be configured to display your most important lease reports, links, and other defined details |
NetLessor Setup | Lease Global Setting Page for initial setup details and documentation of accounting decisions | |
Set up each lease type by including the name of the lease type and its economic life in months. | ||
| Manage Account Mapping | Set each of the lease type and default GL accounts to be used for each balance and transaction type | |
Set variable payment types made by a lessee to a lessor for the right to use an underlying asset that vary because of changes in facts or circumstances occurring after the commencement date, other than the passage of time. | ||
| Manage Index Rates | Set index rates that the payment types are based upon | |
| Manage Non-Lease Charges | Set non-lease charges, (any activity that transfers a good or service to the lessee, in addition to the lease component) | |
| Manage Custom Sourcing | Admin only. Optionally create setup records to define a custom filter for mass processing screens. | |
| Mass Determine Classification | Select from all lease in pending status, to determine lease classification as one batch process | |
| Mass Generate Schedules | Select from all lease in pending status, to generate or regenerate the lease schedules as one batch process | |
Select from all leases in pending status with a schedule generated, to update the status to Commenced as a single batch process | ||
| Mass Run Transition Journals | For all commenced leases with amortization occurring prior to NetLessor transition date, generate a transition journal entry putting the lease on the GL at the transition date as a single batch process | |
For all leases you have created journal entries for you are able to refresh the lease and bring it back to pending status. | ||
Lease Management | Create New Lease Record | |
Lease List | Review a listing of all existing leases | |
Schedule Entry List | Review a listing of all the entries already run and scheduled to run | |
Modification List | Review a listing of all lease modifications run | |
Transaction List | Review a listing of all transactions tagged with a lease | |
Mass Update Leases | Select from all lease in pending status, to determine lease classification as one batch process | |
| Mass Generate Schedules | Select from all lease in pending status, to generate or regenerate the lease schedules as one batch process | |
Select from all leases in pending status with a schedule generated, to update the status to Commenced as a single batch process | ||
| Mass Process Renewals | Select from all leases in commenced status to process renewals a single batch process | |
| Mass Modify Leases | Select from all leases in commenced status to modify a single batch process | |
Select from all leases in commenced status, update the terminate the leases as a single batch process | ||
| Mass Close Out Leases | Select from all leases in commenced status, to close out the leases as a single batch process | |
Run Monthly Journals | Post Journal Page to initiate journal entries, which can be filtered by JE type, subsidiary, lease type, or specific lease | |
Page to initiate the approval of all journals produced by NetLessor | ||
Financial & Disclosure Reports | Lessor Revenue Report | Report that projects future lease revenue period by period and thereafter for the defined period range. This is a Netgain-scripted report bundled with NetLessor |
Lessor Balances Report | Report that rolls historical lease balances forward from one period to the next, indicating beginning balances, additions, deletions, and other adjustments. This is a Netgain-scripted report bundled with NetLessor | |
Undiscounted Lease Maturity | Detailed schedule of future payments to calculate undiscounted lease payments by quarter | |
Weighted Average Discount Rate Calculation | Detailed schedule to calculate weighted average discount rates | |
Weighted Average Term Calculation | Detailed schedule to calculate weighted average term | |
Administration Reports | General Description Disclosure | General summary of ROU & LL balances and counts of leases broken out by Subsidiary, Lease Type, Lease Classification, and Currency Types |
Variable Lease Terms Disclosure | Listing of Variable Lease Terms including Non-Lease Payments and Variable Rate Index | |
Lease Renewal Options | Listing of leases with lease renewal options and indication whether likely to exercise | |
Lease Residual Value Detail | Provides a detailed listing and summation of all lease residual value guarantees captured on the lease records by subsidiary, classification, and currency | |
Lease Termination | Listing of leases with lease termination options and indication whether likely to exercise |