ASC 842 Software
The Fastest, Easiest Path to Compliance with the New Lease Accounting Standard. See a demo »
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Enterprise Lease Accounting Software
Need to comply with ASC 842? Our Lease Accounting software will enable you to quickly and easily comply with the new standard. Once you have transitioned, we can help you scale your lease accounting program by automating the most time-consuming tasks in your record-to-report process.
ASC 842 SOFTWARE
Day One Compliance and Day Two Automation.
LeaseAccelerator offers the highest level of automation of any lease accounting software vendor on the market. Our system will perform the high volume of complex calculations, enabling you to focus on policy, analyses, and exceptions.
Automated Lease Classification
Automatically classify operating and finance leases based upon policy settings for:
- Purchasing options
- Economic life
- Fair market value
- Ownership transfers
True Leasing Subledger
Dedicated leasing subledger to track operating, interest, depreciation, and amortization expenses.
- No dependencies on external fixed asset systems
- Portfolio, contract, and asset-level journal entries
- Historical “as at” reporting after modifications
- Support for 4-5-4, 4-4-5, and other fiscal calendars
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
- Discount rate and maturity analysis
- IFRS support for statutory reporting
GL and AP Integration
Integrate your lease accounting with ERP and other financial systems such as:
- General ledger
- Accounts payable
- Real estate administration
Transition Accounting
Automate the complex accounting required for transition with support for:
- Package of three practical expedients
- Use of hindsight for end-of-lease elections
- Modified or full retrospective
Featured case study:
Tyson Foods: Implementing ASC 842 on LeaseAccelerator »
Featured case study:
IFF: Implementing ASC 842 on LeaseAccelerator »
ACCOUNTING FOR REAL ESTATE & EQUIPMENT LEASES
A single accounting engine for all your leases.
Our software was designed from the ground up to support all categories of leased assets – IT, material handling, vehicle fleets, buildings, land, rail, and marine transportation.
Real Estate Leases
Buildings, land, easements, and more
Office buildings, retail stores, distribution centers, data centers, and health care facilities.
- Gross and net leases
- Index and performance-based rents
- Common area maintenance (CAM) charges
- Integration with real estate administration
Equipment Leases
Vehicles, computers, forklifts, and more
Material handling, vehicle fleet, aircraft, rail cars, and data center equipment.
- Fair market value, dollar out, TRAC, and Step leases
- Variable and usage-based rents
- Tracking of renewals, buyouts, and returns
- Integration with asset management systems
PARTNER UP
Accelerate your implementation.
Our partners are certified and trained in how to implement our lease accounting software.
Data Collection
Support for ASC 842 and IFRS 16:
- Discovery of all leases
- Identification of data sources
- Abstraction from contracts
- Cleansing of bad data
- Upload into software
Software Configuration
Configure, test, and deploy software:
- Master data configuration
- Financial variable setup
- ERP integration
- Unit and system testing
- Go live and deployment
Process Transformation
Redesign processes, policies, and controls:
- Booking and contracting
- Asset tracking
- Invoice-to-pay
- End-of-term management
- Record-to-report
