NetLessor 2026.1

Accounting Updates

Added the Override Income Convention field to the Lease Record. Previously, the Income Convention was set to the default value of the associated Lease Type.
Updated the system to support both Gross Up and non-Gross Up initial balance entries on Split NIL leases, as controlled in settings

Close Out Updates

Added new buyout functionality to the close out suitelet. Allows the user to create a buyout invoice for the lease when closing out the lease. Defaults to the total residual value of the lease or the override value if specified. Item defaults to buy out invoice item found on the lease type, or the default invoicing item if not found.

Create Lease From Transactions Updates

Added the ability to create individual payments records for leases with non-formulaic uplifts.
Allow lease classification, lease schedule, and uplifts to apply when creating a lease from create lease from transaction page.
Update functionality from the out of the box Sales Order Automation Rule to enable grouping.

Custom Sourcing Updates

Added the ability to add a saved search to allocation custom sourcing for customers that have dynamic allocations.
Added the ability to further filter the sourcing of transactions. There are now 2 new options: Item Only and Fees Only. This will allow invoices to be created with only the items and fees receiving the custom sourcing configuration.

Invoicing Updates

Added the ability to invoice schedules with 0$ base rent payments provided there is an applicable non-lease payment or fee.
Included the Ship To Address field as a default configuration on both Create Lease's from Transactions and will set the default value on the Invoices when applicable.
Added a global setting 'Email Customer on Invoice' to allow the To Be Emailed checkbox to be checked so automatic emails can be sent.
Added the ability to set the transaction form per Subsidiary for Invoices and Credit Memos.
When submitting an invoice job that utilized a grouped invoice search, high volume invoices could split into multiple batches. This will now respect the grouping and attempt to batch the invoices together.
Updated back billing functionality to automatically populate the back billing start and end dates on transactions (Modification Journals, Invoices, and Credit Memos).

Modification Updates

Added the ability to modify the secondary lease classification independently of the primary lease classification.
Added a new global setting to control the default behavior when deleting JEs for modification or termination.

Reporting Updates

Added a grand totals box to the query report generator.
Added numeric formatting to the query report generator to include currency and comma separation.

Termination Updates

Added the ability to mass reverse terminations. This can be achieved by marking the proposals as 'Approved for Reversal' and then running the Proposals Only Termination in the Mass Termination Suitelet.
Changed the credit memo date to match the current period start date for prior period terminations.

Miscellaneous

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