KES partners with Netgain for a comprehensive leased assets accounting solution

We are pleased to announce that Kraft Enterprise Systems (KES) has partnered with Netgain to provide our clients with a comprehensive leased assets accounting solution. Through this alliance, we can assist our clients in becoming ASC 842 compliant directly within their current NetSuite environment.

Netgain’s leased assets accounting product, NetLease, provides companies with a path to becoming fully GAAP compliant in a native NetSuite SuiteApp. Spreadsheet-based solutions have difficulty capturing the complexity of these new standards, but NetLease for NetSuite provides a smooth transition to compliance by automating journal entries, reporting, and more.

“We are excited to offer our clients this comprehensive and user-friendly leased assets accounting solution. Many of our clients use our KES EZ Assets SuiteApp for basic fixed assets accounting requirements, and it works great, but we started seeing a need for an option that could handle more complex leases asset accounting issues and provide ASC 842 compliance. NetLease fills that gap for our clients who have more complex requirements,” says Glenn Hofmann, Managing Director of Kraft Enterprise Systems.

“Working with Kraft Enterprise Systems has been great. Their team has extensive knowledge of NetSuite, including successfully implementing third-party SuiteApps. They value building long-term relationships with their clients and partners and are readily available to assist us with complex NetSuite issues,” says Andé Lampert, CPA, Manager of Partnerships at Netgain.

To learn more about NetLease, watch our webinar "ASC 842: Lease Accounting the EASY WAY."