can you create a lease record on an existing asset...
# ask-stanley-ai
s
can you create a lease record on an existing asset record
c
AI generated answer (using internal Slack threads):
Based on the conversations provided, it is possible to create a lease record on an existing asset record in NetSuite. This process is typically done through the user interface (UI) and not through a CSV upload. This ensures that each leased asset is connected to its lease, and these assets will have a Lease tab populated, etc. When migrating mid-life leases, you would need to go through the standard process as if the leases originated in NetSuite. This involves creating a Lease record with the original details as if it's a new one, generating the lease journal, and then reversing it. For the lease interests that were previously recognized in the legacy system, you would still generate them in NetSuite and reverse them manually. For the related mid-life Right-of-Use (ROU) assets of those leases, you would create them in the UI and then do a CSV update import of the net book value, last depreciation period, etc. to drive the next depreciation after the cutover date. You would then run the depreciation as of the last depreciation date in the old system and reverse them manually in NetSuite. Alternatively, you can edit the asset record to update the net book value, etc. Please note that you should not mix finance and operating leases within asset types or within GL accounts. Also, you should not touch system-generated journals. Instead, reverse manually created transactions to date. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******
Slack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.81288439
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.812377453
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.802346706
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s
i need to know specifically steps how to add a lease to an existing asset