NetSuite Tutorial: Lease Accounting | NetSuite Fixed Assets (FAM) | NetSuite Solution Provider

Creating a Lease record
Adding Lease Payments
Generating the Lease Amortization schedule
Creating Lease Journal entries
Proposing and Generating Lease asset
Recording Lease Interest
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[@user-rt3kh9tg8s]

Thanks! This video helps me a lot！

[@magedabdelrahman6665]

Thanks a lot for the tutorial, i have a question how i should record the lease payment (DR. Lease Liability CR.Bank) manual jv?

[@integrisuite]

Yes but might be better to use transaction Check
Journals should be used as little as possible

[@meiwolfy]

Thanks for the tutorial... What do I debit and credit when I make the rent payment plse? Thanks!

[@integrisuite]

Credit: Bank
Debit: Lease liability

[@nachitou1]

Hi, i have a question. What should i do with the bill and bill payment? Wont i be duplicating entries?

[@nachitou1]

Bill is ap, expense
Bill payment is Cash, ap
Lease amort is expense and interest , Cash
Amort is expense, accu dep

[@integrisuite]

No won’t be duplication
Bill is debit expense / credit AP
Bill payment is debit AP / credit bank
So AP is cleared