Learn What to Look for in a Lease Accounting and Administration Solution
The guide outlines key features to consider, including:
Global Lease Accounting Engine and Lease Accounting Subledger
Compliance with AASB 16 and IFRS 16 Financial Disclosures
Responsibility and Management Accounting
Equipment Competitive Sourcing and End-of-Term Management
Real Estate Lease Administration and Spend Analysis
Lease Data Abstraction Technology
Cloud and Behind-the-Firewall Deployment Options
General Ledger Integration and APIs
About the LeaseAccelerator Solution
The LeaseAccelerator Enterprise Lease Accounting solution was designed to work with the IFRS 16 and AASB 16 lease accounting standards standards as well as the ASC 842 standard in the United States. The lease accounting software fully supports equipment and real estate lease types, as well as embedded leases. A few of the other features of the LeaseAccelerator lease accounting software are:
Global Lease Accounting Engine: Captures all data about each lease, from economic life and depreciation terms to end-of-term options and base and variable rents.
Asset-Level Subledger: Asset-level lease accounting is required under the new lease accounting standards.
Journal Entries and Disclosures: Quickly generates everything you need for your quarterly and annual reports.
Reconciliation and Roll-Forward Reporting: These control reports automatically compare data to find discrepancies before your auditor does.
Integration Capability: Integrate LeaseAccelerator with ERP systems, including SAP and Oracle, as well as real estate administration, asset management, and accounts payable applications.