Q about lease accounting. I see that there is smth under FAM module however the main problem I see is that debt is initially accounted under one long term account. However in Europe we used to split these amounts under long term and short term accounts. And every year the amount payable within one year must transferred from long term account to short term account. I see no possibility to automate that using existing FAM lease functionality. How are you dealing with that? I want to point out that we have hundreds of such agreements also the interest rate is changing every half year or so, so the monthly payment amount is also changing, also the agreements could be cancelled or amended. So actually quite a big mess.

The inability of not being able to use the short vs long term accounts in NetSuie is why we are not using the leasing module. There is an enhancement out there to split them out and I would recommend voting for that enhancement. Thank you.

Check out NetLease by Netgain. I think their product was pretty US-centric aimed at the new Lease rules in the US, but would be worth an ask to see if they can support your use case. E: NetSuite's Lease functionality is unlikely to be able to be used for that case as Phillip mentioned.

it is a similar problem with deferred revenue (short vs long) although more pronounced (more customers affected). There are two out of the box searches that show you your BS ending balance for LT and ST liabilities, and yes, it is a manual reclass/journal