Triton Lee
  • 5 min read
  • September 14, 2022

Deciding to Lease or Buy an Asset: Financial Statement Implications

As the private sector continues to adopt ASC 842, accounting for operating leases has become much more complicated. The main...
  • 0
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Rebecca Smith
  • 10 min read
  • September 07, 2022

The Easy Way to Achieve Robust Asset Tracking and Asset Revenue Management

Creating and maintaining a useful big-picture understanding of rental assets is no mean feat. Assets like vehicles and equipment tend...
  • 0
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Austin Dorman
  • 10 min read
  • August 31, 2022

It’s Time to Automate Account Reconciliation

What is account reconciliation?  Account reconciliation is a process of verifying that the amounts in the general ledger are correct....
  • 0
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Casey Stewart
  • 10 min read
  • August 24, 2022

The Three Red Herrings of ASC 842 (What Not to Worry About)

When it comes to adopting ASC 842, there are plenty of valid obstacles to consider: differences in transition methods, free rent in...
  • 0
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Braden Bronson
  • 10 min read
  • August 17, 2022

Automated Billing in NetSuite—Improve Your Billing Process with the Click of a Button

Time is far too valuable to spend on tasks that don’t require your attention. The key to saving your precious time is automation.  If...
  • 0
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Landon Parker
  • 15 min read
  • August 10, 2022

Lease Modifications: Everything You Need to Know for 842

When entering into a lease, there are many things to consider: the classification of lease, the length of the lease, the incremental...
  • 0
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Taylor Deem
  • 5 min read
  • August 03, 2022

Finance Leases: How to Measure Them and Put Them on Your Books

I would be lying if I said I paid close attention to the lease portion of my schooling. So when I joined Netgain, a company that...
  • 0
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Casey Stewart
  • 5 min read
  • July 27, 2022

A Guide to ASC 842 Adoption Reliefs

Beginning January 1, 2022, both operating and finance leases will have an impact on the balance sheet. The unfortunate reality of this...
  • 0
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Donald Kirby
  • 10 min read
  • July 13, 2022

How to Account for Leasehold Improvements under ASC 842 and ASC 840

What is a leasehold improvement?  When a company enters into a real estate lease, more often than not, there are changes made to the...
  • 0
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Tyler Holle
  • 10 min read
  • July 06, 2022

How to Calculate ROU Asset Balance for an Operating Lease under ASC 842

The impact of ASC 842 on ROU calculation  The release of ASC 842 impacted both the balance sheets and income statements for companies...
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Jace Chambers
  • 5 min read
  • June 29, 2022

How to Account for Leases Acquired in a Business Combination under ASC 842

What happens to leases when businesses combine?  When a business is sold to another business, the acquiring business needs to allocate...
  • 0
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Austin Dorman
  • 10 min read
  • June 23, 2022

How to Transition to ASC 842 for Free

The new lease accounting standards  If your business handles leases, you should be aware of the new lease accounting standards, ASC...
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Casey Stewart
  • 10 min read
  • June 15, 2022

How to Create Recurring Revenue for Your Firm with Lease Accounting Software

Running an audit firm can be challenging. There are so many considerations: client satisfaction, hiring and retaining competent...
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Rebecca Springer
  • 10 min read
  • June 01, 2022

The Easy Way to Handle Dual Financial Reporting Requirements

If your business has leases and needs to comply with dual financial reporting requirements, multi-book for NetLease is a great option...
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Haley Gustavson
  • 10 min read
  • May 24, 2022

Why Use NetLessor and NetAsset Together

There’s no getting around it: if you are in the business of leasing assets, you also need to manage those assets. With that said,...
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Casey Stewart
  • 10 min read
  • May 19, 2022

Efficiency and Innovation Are Key to a Successful Audit Season

Audit effectiveness vs efficiency  In the first audit class of my undergraduate program, my professor taught a seemingly elementary...
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Brittley Eldredge
  • 10 min read
  • May 17, 2022

The Benefits of Integrated Book and Tax Asset Records

When I was a tax senior associate at a big-four accounting firm, depreciation was the book-to-tax adjustment that I dreaded the most....
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Casey Stewart
  • 10 min read
  • May 12, 2022

Are Your Audit Clients Prepared for ASC 842?

Ready, Set, Go for Adoption  Like it or not, the time is now upon us. With the ASC 842 transition date for even private companies now...
  • 0
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Bekah Jacot
  • 10 min read
  • May 10, 2022

Can I Adopt ASC 842 with Spreadsheets?: Transitioning to the New Accounting Standards in  2022

With this year being the ASC 842 adoption year for private companies, many are experiencing the challenge of how to accurately account...
  • 0
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Weston Lampe
  • 5 min read
  • May 06, 2022

Why Audit Clients Need a Software Solution

Welcome back to my auditor's guide series. Last week, I discussed why it’s prudent to use a software solution like NetLease for...
  • 0
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Brayden Miller
  • 10 min read
  • May 03, 2022

ASC 842 Transition Blueprint & Workbook

Accounting—even with modern-day software, even in 2022—is hard work. If you work in accounting, you know that publishing financial...
  • 0
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Weston Lampe
  • 5 min. read
  • April 29, 2022

The High Risk of Auditing Leases in Excel

As a former auditor, I was always left a little disappointed by the lack of innovation in the assurance world. CPA firms can be...
  • 0
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Jace Chambers
  • 6 min read
  • April 18, 2022

Issues with Leases in a Foreign Currency FX (ASC 842)

If you have leases where the contract currency is different than the functional currency, you have probably thought about the...
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Rebecca Smith
  • 15 min read
  • April 13, 2022

Do I Need to Book Accruals and Amortizations?

The accrual method of accounting inherently requires the tracking of accrual and amortization journal entries in your ERP. While...
  • 0
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Jace Chambers
  • 10 min read
  • April 06, 2022

How to Build a Better Month-End Close Process

The goal of closing the books each month is to lock the general ledger from future transactions. To accomplish this, we need to make...
  • 0
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Peter McGuire
  • 10 min read
  • March 23, 2022

How to Integrate Your Close Management Solution

An ERP is a wonderful thing. But even today, they have their limitations. Most were not designed with accounting in mind as the main...
  • 0
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Vincente Herrera
  • 6 minute read
  • March 16, 2022

How to Prepare the Perfect Year-End Close

How can you make your year-end book close clean, easy, and worry-free? The secret is: stay on top of monthly closing. It requires...
  • 0
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Tyler Holle
  • 5 min read
  • February 15, 2022

Don’t Be Surprised by Embedded Leases under ASC 842

Imagine you’ve just gone through months of transitioning your leases from ASC 840 to ASC 842. It’s been a long, hard road but you’re...
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Zack Larsen
  • 2 min read
  • February 08, 2022

Short-term lease exemption

With ASC 842 now applicable for both Public and Private companies, many accountants are trying to figure out how this standard is...
  • 0
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Donald Kirby
  • 4 min read
  • February 01, 2022

Accounting for Variable Lease Payments

Lease contracts have multiple components that range from base rent payments, common area maintenance, taxes, and/or insurance. These...
  • 0
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Jace Chambers
  • 3 min read
  • January 25, 2022

Lease Incentives: What to do when timing is uncertain?

Lease incentives are cash concessions received from a lessor that reduce the lease expense recognized over the term of a lease. These...
  • 0
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Jason Rivera
  • 3 min read
  • January 18, 2022

January 2022 and lease accounting... Now What?

For the countless organizations with leases, the dreaded January 1, 2022, deadline to become compliant with ASC 842, IFRS 16 and GASB...
  • 0
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Kristin Bair
  • 2 min read
  • January 11, 2022

Accounting is evolving: are you ready?

Change is the new constant. Looking back, there is no question that 2021 was full of significant changes. The ongoing pandemic, hybrid...
  • 0
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Korbyn Baucom
  • 3 min read
  • December 28, 2021

Must Read Articles Related to ASC 842 and IFRS 16

Hundreds and thousands of articles, blog posts, newsletters, news stories and more have been written about the updated leasing...
  • 0
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Vincente Herrera
  • 1 min read
  • December 21, 2021

Headaches gone with a click of a button - for lease accounting

Is lease accounting with the new standards causing headaches? Netgain has some options with NetLease Go and NetLease Go Free. The...
  • 0
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Josh Petersen
  • 3 min read
  • December 14, 2021

A rant about "free” lease accounting software

If you are looking to use software to automate your lease accounting, you have lots of choices and options. Some software companies...
  • 0
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Brittley Eldredge
  • 2.5 min read
  • December 07, 2021

Don’t have a lease accounting expert … what should we do?

Lease accounting is not easy. Even for many experienced accounting professionals, the concept of a lease can be a little confusing to...
  • 0
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Rebecca Smith
  • 2 min read
  • November 30, 2021

Should I replace my excel tracking with lease software?

Excel is the catch all in the accounting world. We have all created spreadsheets that become cluttered but essential to our processes....
  • 0
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Andrew Walker
  • 2 min read
  • November 23, 2021

NetLease FAQs

If you are frantically scrambling around trying to figure out if you are going to be in compliance with the FASB’s new ASC 842...
  • 0
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Brayden Miller
  • 4 min read
  • November 16, 2021

When to Start Your Lease Accounting Project

Understanding how and when to start the transition of your business's leases from ASC 840 to ASC 842 can be difficult to determine....
  • 0
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Brian Terry
  • 4 min read
  • November 09, 2021

How do I know if I have a lease?

With the new lease standards, you may be wondering what is different from the old standards compared to ASC 842, IFRS 16 and GASB 87....
  • 0
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Adam Riches
  • 3 min read
  • November 02, 2021

How do I know if I need to comply with ASC 842?

If your organization deals with leases, your team needs a good grasp of the new lease accounting standard that is relevant to you....
  • 0
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Donald Kirby
  • 4 min read
  • October 25, 2021

5 Steps to Lease Accounting Compliance

You want to be compliant in your lease accounting, but you also may not know which process will be right for you and your company. The...
  • 0
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Rebecca Springer
  • 2 min read
  • August 24, 2021

3 Approaches to Calculating Your Lease Liability

Short-term or long-term — which approach is best for you? Learn the different approaches to calculating the short-term and long-term...
  • 0
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Adam Riches
  • 2 min read
  • April 20, 2021

FAQ Series: Calculating Incremental Borrowing Rates (ASC 842)

For public companies, the calculation of the incremental borrowing rate has represented no small challenge. Fortunately, for most...
  • 0
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Nathan Smart
  • 4 min read
  • April 13, 2021

ASC 842 Lease Amortization Schedule Templates in Excel | Free Download

Whether financing or operating, you can easily make an operating lease schedule that meets the requirements under ASC 842. Here are a...
  • 0
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Zack Larsen
  • 3 min read
  • September 08, 2020

NetSuite Fixed Asset Roll forward Report and CIP Process

At Netgain, we focus on generating value through the research, design, development, sale, and implementation of software products that...
  • 1
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Adam Riches
  • 1 min read
  • April 28, 2020

VIDEO: Navigating GASB 87

During this webinar, we will discuss the history of lease accounting, dive into the accounting under GASB 87, highlight tips & tricks...
  • 0
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Adam Riches
  • 1 min read
  • April 28, 2020

VIDEO: An Overview of AASB 16

During this webinar we discuss the history of lease accounting, dive into the accounting under AASB 16, highlight tips & tricks for...
  • 0
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Adam Riches
  • 1 min read
  • April 23, 2020

VIDEO: An Overview of IFRS 16

During this webinar, we discuss the history of lease accounting, dive into the accounting under IFRS 16, highlight tips & tricks for...
  • 0
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Adam Riches
  • 1 min read
  • April 22, 2020

VIDEO: Understanding ASC 842

During this webinar we discuss the history of lease accounting, dive into the accounting under ASC 842, highlight tips & tricks for...
  • 0
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Adam Riches
  • 2 min read
  • April 09, 2020

FAQ Series: What's The Difference Between Lease Accounting & Lease Management Software?

Since the FASB, IASB and GASB issued new lease accounting standards, several leasing software tools have announced solutions to...
  • 0
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Adam Riches
  • 5 min read
  • April 02, 2020

WFH Tips From Netgain

We thought we'd take a break from our usual programming to talk about something top of mind for businesses today: working from home....
  • 0
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Adam Riches
  • 1 min read
  • April 01, 2020

Webinar Series: ASC 842, IFRS 16 & GASB 87 Overview

Bummed to be missing SuiteWorld this month? So are we. That's why we decided to host a series of three webinars from April 21-23...
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Adam Riches
  • 3 min read
  • March 31, 2020

What New Disclosures are Required Under ASC 842, IFRS 16 & GASB 87?

Future minimum payments were always a required disclosure under the old lease accounting standards. But now, under ASC 842, IFRS 16,...
  • 0
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Adam Riches
  • 2 min read
  • March 26, 2020

FAQ Series: How Should I Approach ASC 842, IFRS 16 & GASB 87 with my Auditors?

As organizations adjust to new lease accounting processes, remember that auditors are also learning how to properly audit under the...
  • 0
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Adam Riches
  • 3 min read
  • March 24, 2020

Will COVID-19 Cause Additional Delays to ASC 842?

It’s not uncommon for the FASB to delay accounting standards because companies are struggling to implement the new rules in time. This...
  • 0
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Adam Riches
  • 2 min read
  • March 02, 2020

FAQ SERIES: What's the Difference Between Operating and Finance Leases?

Luckily, for lessees under GASB 87 and IFRS 16 this is a non-issue. In an effort to simplify the new lease accounting standards, the...
  • 0
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Adam Riches
  • 5 min read
  • February 12, 2020

An Overview of ASC 842

ASC 842 is a hot topic for most US companies today, especially if you hang around the accounting department. This new accounting...
  • 0
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Adam Riches
  • 4 min read
  • February 06, 2020

11 Must-Ask Questions for Lease Accounting Vendors

If we’ve learned anything from public and international companies implementing the new lease accounting standards, ASC 842 and IFRS...
  • 0
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Adam Riches
  • 3 min read
  • February 04, 2020

Overview of GASB 87

Most state and local government entities that deal with leases are required to comply with a new lease accounting standard, GASB 87 as...
  • 0
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Adam Riches
  • 2 min read
  • January 14, 2020

IS SOFTWARE A LEASE UNDER ASC 842 & IFRS 16?

Many companies enter into arrangements with the right to use intangible assets like licensing agreements for software. But are these...
  • 0
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Adam Riches
  • 5 min read
  • December 12, 2019

An Overview of IFRS 16

If your business leases anything (think office space, equipment, machinery, etc.) and is subject to International Financial Reporting...
  • 0
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RSM Guest Author
  • 3 min read
  • November 14, 2019

7 Steps to Selecting Lease Accounting Software

We live in a world with nearly unlimited options. So why should software be any different? With the new lease accounting standards,...
  • 0
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Adam Riches
  • 3 min read
  • October 24, 2019

Comparing 4 Types of Lease Accounting Software

As more and more lease accounting software solutions enter the market, your head may be spinning with options. How are the solutions...
  • 0
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Adam Riches
  • 4 min read
  • September 24, 2019

Do I Really Need Lease Accounting Software for ASC 842?

With the new lease accounting standards already upon us, software companies have come forward offering competing products to help you...
  • 0
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Adam Riches
  • 3 min read
  • August 27, 2019

FASB Proposes Lease Accounting Delay

The Financial Accounting Standards Board (FASB) issued an to exposure draft delay the effective date for ASC 842 (Lease Accounting)...
  • 0
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Zack Larsen
  • 3 min read
  • May 23, 2019

Is the FASB going to delay ASC 842 for Private Companies?

The American Institute of Certified Public ... --> A couple of the biggest trade organizations are asking them to. The American Institute of Certified Public Accountants (AICPA) just...

  • 0
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Zack Larsen
  • 4 min read
  • May 21, 2019

Understanding ASC 842, IFRS 16, & GASB 87

As more and more lease accounting software solutions enter the market, your head may be spinning with options. How are the solutions...
  • 0
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Zack Larsen
  • 4 min read
  • May 10, 2019

Ready for the new lease accounting standards?

Lease Accounting under ASC 842/IFRS 16/GASB 87 is currently one of the hottest topics in the accounting world…and for good reason. The...
  • 0
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Adam Riches
  • 2 min read
  • December 03, 2018

NetLease Becomes The Only 'Built For NetSuite' Certified Lease Accounting Solution On The Market

NetGain receives 'Built For NetSuite' certification making it the only certified NetSuite lease accounting solution available today....
  • 0
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