Which version of fixed asset management contains the lease accounting function?

AI generated answer (using internal Slack threads):

The Fixed Assets Management (FAM) module in NetSuite does include lease accounting functionality. However, it's important to note that this functionality is primarily designed for lessee leases. The module does not handle lessor accounting, which is typically managed through the Order-to-Cash (O2C) process. In terms of handling the replacement and depreciation of leased equipment, the FAM module can indeed track leased assets. However, there are some limitations to the lease accounting functionality in the FAM module. For instance, it does not automatically split debt amounts between long-term and short-term accounts, which is a common practice in Europe. This limitation has led some users to not use the leasing module. There is an enhancement request for this feature, and users are encouraged to vote for it. For more complex lease accounting needs, such as changing interest rates, cancellations, or amendments, it may be worth exploring third-party solutions like NetLease by Netgain. However, it's worth noting that this product is primarily designed for US lease rules. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******