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We’re excited to announce that the 2025 Community Recap is now available! This special recap highlights the amazing contributions and achievements of our members over the year and celebrates the collective success of our community.
Check your personalized recap to see the impact you made in 2025 and how your efforts helped shape our community’s growth and success.
View Your 2025 Community Recap
Thank you to everyone for your passion, collaboration, and support. Here’s to building an even stronger community together in the year ahead!
Season’s greetings to you and yours! As we head into the holidays (December 24 – January 4), we want to take a moment to celebrate the incredible strength and collaboration within our community. Even during the break, you can continue to benefit from connecting with peers, searching related threads, posting your questions, and marking helpful replies as “Accepted” in the Support Community.
Please note our dedicated team will be on reduced coverage during this time, and regular responsiveness will resume on January 5. Wishing you a joyful and restful holiday season!
-The NetSuite Support Community Team
NetSuite Admin Tip | Lease Permission
The Fixed Assets Management SuiteApp includes Lease Accounting feature, a powerful tool designed to simplify compliance with international accounting standards. This innovative addition is specifically tailored to meet the requirements of IFRS 16 and ASC 842, which mandate significant changes in how leases are recognized and reported.
The new standards have a profound effect on lessees, requiring them to recognize nearly all leases and make corresponding adjustments to their balance sheets. This means that, starting January 1, 2019, all operating leases will need to be transferred to the balance sheet, ensuring greater transparency and accuracy in financial reporting.
Enabling the Lease Accounting Feature
To ensure users can effectively manage these changes, the Lease Accounting feature provides a comprehensive solution. However, to access the Lease records, Administrators must first enable the
Ayitah Tallada | General Accounting and Asset Management
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Learn more and join in the fun: