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Error when apply lease modification journal
Hi team, I have an issue when apply lease modification in the lease record. The error log only stated UNEXPECTED_ERROR: [object Object] and the lease modification journal did not created. Anyone have occured this issue? Kindly advise. Thanks
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Midlife Lease Accounting
What is the recommended approach to account for leases already in progress in the legacy system when migrating them to NetSuite for the balance of the lease term? Any guidance would be appreciated.
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Mid-Life Lease Assets NPV Calculations
I am attempting to create mid-life lease assets, but the client's NPV does not match what NetSuite is calculating. When using a source transaction for the value the client lists, NetSuite rejects the lease stating that the source transaction must be equal to the lease NPV. The client has been using Excel's NPV function of…
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Learning Resources about Data Analysis and Lease Accounting
Does anyone know where to find learning resources about the following: -Lease Accounting -How to run & save reports in a structured way and convert into a readable/usable format (Ex. Run revenue & expense reports by locations/classes for a certain period of time) -How to load budget and auto-compare to the actuals, set up…
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Allow 'Other Asset Type' Accounts for Right-of-Use account on Lease
In the FAM module, NetSuite allows 'Other Asset' accounts to be available for setting up Asset Accounts on a FAM Asset. The Lease functionality, though, limits account types to 'Fixed Asset' and 'Other Current Assets' for Right-of-Use. Lease accounting does not allow 'Other Asset' type accounts. Our Fixed Asset accounts…