ASC 842 Software

The Fastest, Easiest Path to Compliance with the New Lease Accounting Standard. See a demo »

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ACS 842 SOFTWARE

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
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.

LeaseAccelerator: Introducing Lease Accounting 2.0

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
Get A Live Demo of LeaseAccelerator Software

Join our 20-Minute Daily Demo

Learn how LeaseAccelerator can help you achieve compliance with ASC 842 and IFRS 16, streamline your lease management and accounting processes, and save you 16-20% on leasing expenditures.