NetLease 2026: Benefits, Features & Pricing

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On this page

Overview
Pricing and Plans
Features
Integrations
User Reviews

Overview

NetLease

5.0

(49)

Pricing

Starting at $888.00 per year

About NetLease

NetLease is a lease management platform that helps businesses streamline lease accounting within any ERP system. Users can generate lease accounting calculations and add the journal entries to ERP with supporting reports exported from NetLease.

NetSuite users can embed lease accounting within their ERP system. It offers audit-ready compliance for ASC 842, IFRS 16, and GASB 87 in native NetSuite.

NetLease Screenshots

NetLease Pricing and Plans

Starting price: $888.00 per year

Free Trial

Free Version

Basic

$888.00

usage based, per year

No plan information available

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NetLease Features

Popular features found in Lease Accounting
Amortization Schedule
Asset Lifecycle Management
Capitalization Reporting
Critical Date Alerts
For Equipment Leases
For Real Estate
Tax Management
More features of NetLease
Access Controls/Permissions
Accounting
Accounting Integration
Accounts Payable
Accounts Receivable
Activity Dashboard
Activity Tracking
Ad hoc Reporting
Alerts/Escalation
Alerts/Notifications
Approval Process Control
Audit Management
Audit Trail
Bank Reconciliation
Billing & Invoicing
Budgeting/Forecasting
Commercial Leases
Compliance Management
Configurable Workflow
Contact Management
Contract/License Management
Currency Conversion
Customizable Fields
Customizable Reports
Dashboard Creation
Data Import/Export
Document Management
Document Storage
Electronic Payments
Expense Tracking
Financial Analysis
Financial Management
Financial Reporting
Forecasting
General Ledger
Income & Balance Sheet
Invoice Management
Lease Origination
Lease Tracking
Mobile Access
Multi-Currency
Multi-Location
Payment Tracking
Portfolio Management
Quotes/Estimates
Real-Time Reporting
Reminders
Reporting/Analytics
Reporting & Statistics
Residential Leases
Retail Leases
Search/Filter
Self Service Portal
Status Tracking
Third-Party Integrations
Transaction History

NetLease Integrations

NetSuite

NetLease User Reviews

Overall Rating

5.0

Ratings Breakdown

96%

Secondary Ratings

Ease of Use

4.9

Value for money

4.9

Customer support

5.0

Functionality

4.9

Mark A.

Verified reviewer

Media Production

201-500 employees

Used monthly for less than 12 months

Review source

Reviewed August 2022

Saves lots of time

Great software and great team at NetGain that helped us get it set up!

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Very easy to use, love that it is native in NetSuite and there is no integration to manage. It has all of the functionality you need and it is easy to understand how to use it.

Cons:

The implementation took a little longer than I hoped (a few months), but some of that was my fault.

Katlyn U.

Verified reviewer

Printing

1001-5000 employees

Used monthly for less than 6 months

Review source

Reviewed January 2022

Implementation and Initial Use

Overall, the implementation and use of this product has definitely met our expectations and our decision to select this product was a good one. Our NetLease team that we worked with were great. Their communication and attention to detail was some of the best I have worked with.

Ratings Breakdown

Ease of use

Functionality

Pros:

Integrating this product into our current accounting software was very important and the implementation was seamless. We were also looking for a product that made generating the lease schedules with historical data and future data easy to view, print, and use and this checked all of those boxes for us. Finally, being able to put together the necessary disclosures that we would need for our year end financials and audit was also something that we were looking for and found with NetLease.

Cons:

The only hiccup we have found is the sometimes complication of customizing the standard reporting that comes with the software, however, it is something we have been able to navigate around.

Reasons for choosing NetLease

Our current NetSuite software module did not offer the same ease of use and document generating capabilities that NetLease did and so we opted to purchase an addon to NetSuite instead.

Joseph C.

Verified reviewer

Retail

51-200 employees

Used daily for less than 6 months

Review source

Reviewed January 2023

NetLease review Joseph Cook

Overall experience is a positive experience. Customer support has been great, even when we hit some bump in the road.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The implementation was pretty straight forward, be prepared to do a alot of data entry and lease contract review. we spent roughly 50 hours gathering all the information alone. The product itself is super easy to use and update items. It is a bit challenging to correct mistakes, so make sure you are 100% sure about the information before going live.The features we really find useful are the reconciliations reports, clearing accounts, automatic amortization, go live and reclass entries and the renewal reminders.

Cons:

integration was not difficult at lot, this actually helped us improve out a process by streamlining some emails. The features that are lacking are automated reports and recons that could be sent straight to our email and the addons such as non-lease payment (if your are willing pay for it the free version lacks this feature)

Reasons for choosing NetLease

NA, this was the only product we reviewed as it was recommend to us by our audit team

Deb P.

Verified reviewer

Consumer Goods

51-200 employees

Used monthly for less than 6 months

Review source

Reviewed February 2022

NetLease

We needed to solve the issue for how are we going to record our lease transactions each month with the adoption of ASC 842. Moving to NetLease solved our issue from manually recording and tracking to bringing our leases into one software for tracking, entering monthly entries and reporting

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The ease of use of this software is incredible. From setup to modifications to monthly reporting it is all extremely easy and intuitive.

Cons:

I haven't run into anything that needs improving

Reasons for choosing NetLease

NetLease has better functionality and reporting

Harriet T.

Verified reviewer

Information Technology and Services

51-200 employees

Used daily for more than 2 years

Review source

Reviewed January 2022

Highly recommend NetLease

Because our company has fewer than 10 leases, we were not sure whether a system solution was worthwhile. However, NetLease implementation and ongoing integration have been worth every penny. It is glorious to not be using Excel to track leases, lease amendments, interest rates (our auditors appreciate this as well). We also transitioned from 840 to 842 under NetLease seamlessly. NetLease's integration with NetSuite, responsive customer support, and cost-effectiveness result in a whole-hearted recommendation for other companies looking.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

PROS: (1) The software is integrated into NetSuite! Integration with NetSuite is incredibly helpful and makes the accounting process for leases seamless. (2) Having a system to calculate the amortization schedules, process amendments, and view all journals directly makes our company's lease accounting clean and auditable. We don't have to maintain manual spreadsheets that are error-prone. (3) Compared to other SuiteApps, the annual cost of NetSuite is very reasonable. It's by far the best money for time saved. (4) Customer service is great. Every time I have contacted support, they've reached out to me within about a day.

Cons:

CONS: Some of the reports could be more customizable within the menu item. I usually have to save customized reports as a separate search/report.

Reasons for choosing NetLease

Integration with NetSuite

Megan O.

Verified reviewer

Computer Software

201-500 employees

Used weekly for less than 6 months

Review source

Reviewed February 2022

NetLease

We were able to get all our leases added into the system and the software working in less than 2 months. The support team was awesome. Very responsive and providing guidance for all our questions. We had weekly calls during the implementation to keep everyone on track. Their previous experience with clients was beneficial to help with our questions.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

NetLease is embedded in NetSuite which is great because we don't have to use multiple systems to run our monthly entries or reports. Being able to run the bills and journals for all the leases at the same time really help make the process more efficient.

Cons:

There are some limited fields with the bills such as being able to vary the dates on different leases. However, this is currently being worked on so hopeful these options will be available in the future.

Lea S.

Verified reviewer

Health, Wellness and Fitness

1001-5000 employees

Used weekly for less than 12 months

Review source

Reviewed February 2022

NetLease

We have had a wonderful experience with NetLease. The customer service team was quick to respond to inquiries as well as providing extra research hours and literature to back anything that they were unsure of.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The integration with the NetSuite accounting system. It has allowed us to automate our monthly lease entries along with consolidating all the information of our 150+ leases.

Cons:

We have not experienced any downsides to this product.

Reasons for switching to NetLease

The accounting system integration.

Emily K.

Verified reviewer

Retail

51-200 employees

Used daily for less than 6 months

Review source

Reviewed January 2022

Peace of Mind and Useful Reporting

NetLease has allowed us peace of mind with both 840 reporting through the end of this year, as well as 842 transition and reporting going forward. The implementation was flawless and Vincente was always ready to help with whatever he could. He was very knowledgeable. Using the software for a couple months now, I am always impressed with how streamlined the process to book month end journal entries and then report on month end balances is. We are confident in our transition to 842 with the help of Vincente and everyone at NetLease.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The fact that it integrates seamlessly into NetSuite made the learning curve very minor. The extensive reporting will greatly assist us with our year end audit and any disclosures that we were previously developing manually. Being able to access and adjust the details of the leases directly in NetSuite and have the changes automatically flow to schedules and future journal entries has streamlined our close process.

Cons:

In some instances it is difficult to adjust during set up if the lease is in commenced status and needs a change. I had to use the time machine several times.

Reasons for choosing NetLease

We were very impressed with the reporting package included in NetLease. Vincente and the team were always so helpful even before we purchased and gave us confidence in the product.

Payal P.

Verified reviewer

Information Technology and Services

1001-5000 employees

Used monthly for less than 2 years

Review source

Reviewed January 2022

NetLease Review

Before NetLease, we were managing our lease accounting in a massive spreadsheet that was ripe for mistakes as any big spreadsheet is. When we were evaluating a new tool, we really wanted something that would integrate or be part of NetSuite which NetLease seamlessly does. The implementation process for NetLease was super easy, and the team at NetGain really guided us through how everything works. Having people that understand the accounting guidance involved, gave us assurance that the software would work as expected. The standard reporting is something that we really appreciate - quick as clicking a button! Overall, great tool and service from NetLease!

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

NetLease is super easy to implement and maintain. The user interface is intuitive, and the out-of-the-box reporting is everything that we need.

Cons:

None at this time that I can think of

Kaylyn C.

Verified reviewer

Consumer Goods

51-200 employees

Used monthly for less than 6 months

Review source

Reviewed December 2021

Very easy to implement, monthly entries now take minutes.

NetLease was very easy to get started on. Tying out to our current schedules was easy with the help of the NetGain team. Their support was on top of all our questions and was really accomodating when we wanted to move forward our go live date. The team at NetGain made this a very great and easy experience to get started.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The amortization table allows for a really clear view of entries going to be made. Entries take just a couple minutes to complete on a monthly basis.

Cons:

Utilizing the clearing account to get assets into NetLease is the only drawback, reminding our team regularly to code to this account rather than the asset accounts. This will clear up after a few months of use and practice.

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