ASC 842 Software
LeaseAccelerator provides enterprise lease accounting software to help companies comply with the new standards.
The Fastest, Easiest Path to Comply with New Lease Accounting Standards
Day One and Day Two
- Initial Recognition & Measurement
- Modifications & Reassessments
Current and New Standards
- ASC 842
- ASC 840
- IFRS 16
- IAS 17
GL, AP & ERP Integration
- General Ledger
- Accounts Payable
- Fixed Asset
- Real Estate Admin
Traditional & Embedded
- 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
See it Live in Production Today!
