Does anyone have a guide on how to enter existing leases into the Fixed Asset module? I don't understand NetSuite's instructions as I cannot even get from step 1 to 2?

in short - the process is complex and has two steps per se 1) upload leases (calculates your interest, record NBV for leased assets) and 2) create (!) fixed assets out of the lease record. Instructions are very limited. Hire someone to avoid frustration

Thanks. The two-step process was not obvious but very helpful.

just follow the path NS lease module takes you to…. take one lease, test it, see how it works..

Would you happen to know when creating an existing lease is it from the original date? As an example I have a lease from 2021 and when creating the JE it's for that closed period plus past interest payments for closed periods.

aaah. you cannot create a partial lease, all calcs will be wrong (NBV, interest, etc.). you must create all your leases from day 1 and then book them in the first open period and reverse GL impact manually

Wow. Ugly but I see. Thanks Karina!