NetGain

Netgain have focused on generating value through the research, design, development, sale and implementation of NetSuite products and services that simplify, standardise, and automate complex finance and accounting processes and systems.

Team Blue Sky is a proud partner of Netgain as they have a deep understanding of core accounting requirements as their company is made up of CPA’s who have lived and breathed accounting on the NetSuite platform. Our clients streamline their accounting processes with the native NetSuite products Netgain have developed to overcome complex business challenges.

NetAsset


NetAsset is Netgain’s Advanced Fixed Asset Tool that enables your business to operationalise, accounting maintenance, insurance and claims, tracking and reporting throughout all aspects of the fixed asset lifecycle.

This product is a native SuiteApp therefore has the following NetSuite benefits:

  • 100% drill-down capabilities
  • Direct transactional links to the asset
  • Capture financial & non-financial data
  • Single source of truth in a unified system
  • ZERO integrations

The Asset Life Cycle is fully supported with NetAsset:

  • Capital Build-Up
  • In-Service Placement
  • Depreciation & Adjustment
  • Asset Maintenance
  • Physical Tracking
  • Reporting

Why NetAsset?

  • CIP Buid-Up
  • Ability to segregate duties across the finance and accounting department
  • Advanced reporting including Fixed Asset Roll-Forwards & Waterfall reports
  • Direct connections to vendor bills & NetSuite projects
  • Comprehensive physical asset tracking
  • Intercompany asset transfers & eliminations
  • Asset build-ups, splits, revaluations & disposals
  • Ability to create advanced alternative depreciation schedules & multi book
  • Save time by bulk processing
  • Robust end to end audit trail reporting

NetLease


NetLease is a built for NetSuite Lease accounting solution. The module will allow businesses to manage, operationalise and comply with AASB 16 as well as ASC 842 and IFRS 16 lease accounting standards.

This product is a native SuiteApp therefore has the following NetSuite benefits:

  • 100% drill-down capabilities
  • Direct links between Lease Liabilities and ROU Assets
  • Reconciliations to vendor payments
  • Capture financial & non-financial data
  • Single source of truth in a unified system
  • ZERO integrations

Lessee functionality:

  • AASB 16, ASC 842, IFRS 16 & GASB 87 compliant
  • Supports lease reporting & decision making throughout the entire lease lifecycle
  • Push-button reporting for FASB, IFRS and GASB disclosures
  • Full lease automation
  • Integrated AP management
  • Complete end-to-end audit trail
  • Manage lease modifications
  • Store and access key details and documents for each lease record
  • Built on the NetSuite platform

Lessor functionality

  • Full lease automation
  • Automatically calculates implicit rates and discount rates
  • Integrated with native billing, inventory, and fixed asset management
  • Automatically classify leases (operating, sales-type, or direct financing)
  • Push-button reporting for both FASB, IFRS and GASB disclosures
  • Manage lease modifications
  • Complete end-to-end audit trail
  • Supports lease reporting & decision making throughout the entire lease lifecycle
  • Store and access key details and documents for each lease record
  • Built on the NetSuite platform

NetLoan


NetLoan allows businesses to track and manage loans directly in NetSuite by enabling the creation of amortization schedules to automate loan accounting and to streamline Principal and Interest allocations.

This product is a native SuiteApp therefore has the following NetSuite benefits:

  • 100% drill-down capabilities
  • Reconciliations to vendor payments
  • Capture financial & non-financial data
  • Single source of truth in a unified system
  • ZERO integrations

Capture all details from Loan origination to Pay off:

  • Originate Loan
  • Create Amortization schedule
  • Make Interest and Principle Payments
  • Modify Terms
  • Monitor & Report
  • Pay off loan

Why NetLoan?

  • Complete amortization schedule
  • Integrated AP management
  • Allocation of payments between principal & interest
  • Forecasting of Loan Payments
  • Capitalize & amortize loan origination fees
  • Balloon payments
  • Manage loan modifications
  • Store & access key details and documents for each loan
  • Bulk processing
  • Loan dashboard & reporting
  • Complete end to end audit trail
  • Built on the NetSuite platform