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How to record Lease accounting in the middle of leases for closed period?

edited Jun 2, 2025 2:32PM in Ask A Guru 4 comments

Does anyone have experience with implementing the lease accounting in the middle of leases?

I need to present comparable financials 12/31/2022 and 12/31/2021.

My comparable period 12/31/2021 is closed. If I start the leases in the fixed asset module as and inception date of 1/1/2021 will Netsuite allow the entries to post to the closed periods?

Is there best practice guidance on how to implement the operation leases for closed periods and in the middle of the leases?

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