Netgain
  • 10 min read
  • February 16, 2024

NetLease for NetSuite vs FinQuery for NetSuite

Key Takeaways: Decision Criteria: The selection of lease accounting software hinges on the jobs you want the tool to take off your...
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Braden Bronson
  • 10 min read
  • November 16, 2023

How to Connect NetLease to QuickBooks Online

--> Key Takeaways Efficiently account for leases by using NetLease and QuickBooks together Accurately post lease accounting entries...
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Andé Lampert
  • 8 min read
  • October 12, 2023

Key Considerations when Accounting for Lease Amendments

Breaking Down Modifications Let’s start by highlighting what a lease modification is, as defined by US GAAP ASC 842: A lease...
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Caleb Christensen
  • 8 min read
  • July 24, 2023

Everything You Need to Know About ASC 842 Quantitative Disclosures

--> Key Takeaways ASC 842 has brought about significant changes to lease accounting disclosures, increasing both the scope and complexity...
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Brian Jones
  • 8 min read
  • June 21, 2023

NetLease Customer Reviews Say it All - G2 Summer 2023

Thanks to feedback from our great customers, Netgain once again achieved outstanding results in G2’s report. This Summer, NetLease...
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Maggie Smith
  • 6 min read
  • April 20, 2023

NetLease Helps You Meet ASC 842 Quantitative Disclosure Requirements

Companies are in the middle of a huge accounting requirement change thanks to ASC 842 for leases. With this new guidance, both...
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Brian Jones
  • 4 min read
  • March 30, 2023

Lease Abstraction With NetLease Complete: Understanding ASC 842

It’s officially time for companies to transition to ASC 842. The adoption of the new standard can be a daunting task for many and...
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Brian Jones
  • 5 min read
  • March 27, 2023

How NetLease Complete’s Lease Abstraction Helps You Adopt ASC 842

ASC 842 requires that all leases longer than 12 months be recorded as both a Right-of-Use Asset and Lease Liability on the balance...
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David Corbett
  • 7 min read
  • March 17, 2023

ASC 842 Guide to Operating Lease Journal Entries With NetLessor

As the ASC 842 transition deadline fast approaches, companies are devoting considerable resources to streamlining their lease process...
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Amanda Paice
  • 15 min read
  • February 08, 2023

How Sale-and-Leaseback Accounting Works with Examples

Leases come in all shapes and sizes. Sale-leaseback transactions provide a way to negotiate existing lease contracts to cater to...
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Brittley Eldredge
  • 2 min read
  • January 25, 2023

ASC 842 Transition Disclosure Template

Following the guidance found in ASC 250, changes in accounting principles should be disclosed in the notes to the financial...
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Casey Stewart
  • 5 min read
  • January 11, 2023

The Best Software for Auditing ASC 842

If your fiscal year aligns with the calendar year, you are staring down the barrel of booking those lease-liability and ROU-asset...
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Landon Parker
  • 5 min read
  • January 04, 2023

What is Percentage Rent (and How Do I Automate It?)

Are you paying rent in a uniform and consistent manner? Or do you find yourself scratching your head, trying to figure out how...
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Rob Arbon
  • 5 min read
  • December 22, 2022

What Happened to Deferred Rent under ASC 842?

You may find yourself asking, “Where did deferred rent go? How do I account for operating leases under the new lease accounting...
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Perry Leimer
  • 5 min read
  • November 30, 2022

Transitioning Capital/Finance Leases to ASC 842

Like many of you, I never thought I would be working with leases daily! Before long, I found myself jumping head-first into a company...
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Zack Larsen
  • 4 min read
  • November 14, 2022

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...
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Austin Dorman
  • 5 min read
  • November 02, 2022

Lessors, Lessees and the New Lease Accounting Standards

A major change brought about by the new lease accounting standards is the new obligation of lessees. Not only is it the lessor’s...
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Tanner Larsen
  • 8 min read
  • October 26, 2022

Exploring Operating vs. Finance Lease Journal Entries and Amortization Calculations

Do you know what it’s like to spend hours studying to learn a topic to pass an exam, only to find you’ve forgotten it all the next...
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Trevor Arndt
  • 10 min read
  • October 12, 2022

Loan vs. Lease (A Seller’s Guide)

Plenty of guidance exists for businesses regarding whether they should lease or buy, but there is not much out there for businesses...
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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...
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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...
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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...
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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...
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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...
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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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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...
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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...
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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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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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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...
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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...
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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...
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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...
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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...
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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....
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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....
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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....
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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...
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Trevor Arndt
  • 2 min read
  • April 20, 2021

FAQ Series: Calculating Incremental Borrowing Rates (ASC 842)

Key Takeaways: A risk-free discount rate is the rate of return an investor expects to earn from an investment with zero risk. It is...
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Nathan Smart
  • 4 min read
  • April 13, 2021

ASC 842 Lease Amortization Schedule Templates in Excel | Free Download

In this post, we’ll share how ... --> In this post, we’ll share how to make ASC 842-compliant schedules in Excel, while also providing a ready-made template to make the...

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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...
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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...
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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,...
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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...
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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...
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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...
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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...
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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...
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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,...
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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...
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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)...
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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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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....
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