netlease preparer rights

AI generated answer (using internal Slack threads):

Based on the conversations, it appears that the NetSuite Fixed Assets Management (FAM) Lease module has some limitations. Some users have reported issues with the inability to upload their own payment schedule with interest and principal amounts separately. NetSuite only allows one amount and the interest is calculated by the system, which can lead to incorrect amounts. Another issue is that only one account for lease debt is used, which can be problematic if separate long-term and short-term accounts are needed. Some users have found success with third-party applications such as NetLease by NetGain. This application was mentioned as an excellent product for lease accounting. However, it's important to note that the use of third-party applications may depend on the specific needs and circumstances of your organization. For operating leases, it was mentioned that the lease liability is expensed to interest expense when it should be hitting rent expense instead. A user suggested referring to guides on how operating leases work, and provided a link to a resource: [ASC 842 Transition Blueprint Workbook](https://netgain.tech/asc-842-transition-blueprint-workbook/). ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******