Discussions
Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Explore new breakthroughs, sharpen your skills, and connect with experts who are shaping what’s next. Experience bold keynotes, interactive learning, and connections that span the global NetSuite community. Discover what's next at SuiteConnect Tour 2026.
FAM Lease management - issues
HI,
I am testing the new functionality on FAM lease management and have come up against several issues which I would like advice on....
1) It doesn't seem possible to modify a lease once it has been created. All of my company leases carry periodic rent reviews based on RPI/CPI which will likely increase payments and therefore change the ROU asset and liability valuations under IFRS 16 - how can I do this?
2) All of my UK leases are based on quarterly payments but the standard NS frequencies are only monthly or annually. The quarterly-ness changes the NPV of my ROU asset and liability significantly as the leases are property related and over a long period of time (anywhere from 15 to 150 years!!). Does anyone else have this issue?