Watch a Demo of our Lease Accounting Software

Comply with the Current and New FASB ASC 842 and IFRS 16 Lease Accounting Standards.

In this short, two-minute demo learn how you can use LeaseAccelerator’s Lease Accounting Software to:

  • Manage Asset Level Details – For leased equipment including cost centers, equipment owners and serial numbers.
  • Push Journal Entries to ERP – Send credits and debits to SAP or Oracle at a portfolio, schedule or asset level
  • View Lease Accounting Reports – To show cash flow run-off for your portfolio; allocate invoices to cost centers; or view roll-forward reports to analyze all activity within a given accounting period.
  • Comply with New Standards – Understand how to comply with new FASB ASC 842 and IFRS 16 standards along with the existing FASB ASC 840 and IFRS 17 rules.

Our Lease Accounting Software includes

  • Lease classification testing to distinguish between finance leases and operating leases.
  • Multiple ledgers to support the comparative, historical reporting requirements.
  • Journal entries for major lifecycle events throughout the lease including commencement, mid-term and end-of-term.
  • Calculations of monthly expense recognition, payment, principle reduction, short and long term reclassifications.
  • Interfaces of all debits and credits to SAP, Oracle and other General Ledger applications.
  • Hundreds of data attributes can be tracked for each individual asset along with all the judgments, calculations, emails and supporting documentation.
  • Roll Forward, Trial Balance, Future Obligations by Period and Lease Classification Accounting Treatment reports and many more.
  • “Corporate” controlled settings (e.g. Incremental Borrowing Rate, Economic Life) for consistent accounting policies across the organization.

Calculate Your Potential ROI from Better Equipment Lease Management.