ASC 842 Software that Works Today

No Version 1.0 Applications. No Slideware. No Future Roadmap Promises.

Day One and Day Two Compliance

  • Initial Recognition & Measurement
  • Modifications & Reassessments

Current and New Standards

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  • ASC 842
  • ASC 840
  • IFRS 16
  • IAS 17

General Ledger & AP Integration

Office Building
  • General Ledger
  • Accounts Payable
  • Fixed Asset
  • Real Estate Admin

Traditional and Embedded Leases

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  • Real Estate Leases
  • Equipment Leases
  • Outsourcing Contracts
  • Service Agreements

Two Minute Overview

Features of our ASC 842 Software

ASC 842 Software Features

Meets New US GAAP Lease Accounting Requirements

Automated Lease Classification

Automatically classify operating and finance leases based upon policy settings for:

  • Purchasing options
  • Economic life
  • Fair market value
  • Ownership transfers

Leasing Subledger

Create asset, contract and portfolio level journal entries including

  • Operating expenses
  • Interest expenses
  • Depreciation expenses
  • Amortization expenses
  • Short and long term reclassifications

Modifications and Reassessments

Track leased assets from initial commencement to end of term

  • Contractual and pricing changes
  • Changes to residual value estimates
  • Changes to end of term elections

Financial Reporting and Disclosures

Support the quantitative and qualitative disclosures required:

  • Balance sheet, income and cash flow statements
  • Maturity analysis
  • Scope of leasing activities

General Ledger Integration

Integrate lease accounting with financial systems such as:

  • General ledger
  • Accounts payable
  • Real estate administration

Transition Accounting

Automate treasury, financial planning and analysis functions:

  • Package of three practical expedients
  • Use of hindsight for end of lease elections
  • Modified or full retrospective

ASC 842 Software

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Learn More about ASC 842

Educational Resources on Lease Accounting