IFRS 16 Software

Achieve Accurate Financial Reporting by both Accounting and Administering for Your Lease Portfolio with our IFRS 16 Software

IFRS 16 Software

Most IFRS 16 Software applications are designed purely for accounting. But you cannot achieve accurate financial reporting without proper lease administration capabilities as well. Accurate and complete accounting requires an automated approach to tracking your lease portfolio as new leases are signed; variable rents are updated; contracts are modified; and end-of-lease decisions are made.

Lease Accounting and Administration

LeaseAccelerator offers an IFRS 16 software application that includes both

so you can achieve the most accurate financial reporting at the lowest cost

Automate Your Record-to-Report Process

With Both Lease Administration and Accounting

Changes, Modifications and Reassessments

Track changes to leases throughout their lifecycle

  • Contractual changes
  • Pricing changes
  • Location changes
  • Cost center changes

Policies and Controls for External Audits

Centralized repository provides single source for:

  • Documents and data
  • Judgments and policy elections
  • Who, what, when reporting

Automate Record-to-Report

Integrate lease accounting with financial systems to automatically capture:

  • New lease commencement
  • Mid-term changes
  • End-of-term decisions
  • Month-to-month auto-renewals

Management and Cost Accounting

Automate treasury, financial planning and analysis functions:

  • Profitability and lease performance
  • Cost center tracking
  • Property taxes and insurance
  • Forecasting, budgeting and planning

Guide to IFRS 16 Compliance

Get the Handbook!

Download the Handbook for
  • Summary of the new IASB IFRS 16 rules
  • What Documents and Data You’ll Need to Collect
  • What Lease Accounting Software Changes Will Be Required
  • Real World Accounting Examples
  • How to Maintain Compliance Past the Deadline

Download the

IFRS 16 Handbook

Features of our IFRS 16 Software

Produce the Most Accurate Financial Reporting

LeaseAccelerator offers a complete lease accounting software solution for companies seeking to comply with the new IFRS 16 lease accounting standards and the current IAS 17 standard. LeaseAccelerator can perform accounting for real estate, equipment and embedded leases with fixed or variable rent payments. Journal entries can be created at the asset or contract level then uploaded into SAP or Oracle general ledgers for reporting in IFRS as well as US GAAP.

Real Estate & Equipment

  • Office buildings
  • Vehicle fleets
  • IT and data center
  • Material handling

Multi-GAAP Reporting

SAP & Oracle Integration

  • General Ledger
  • Accounts Payable
  • Fixed Assets
  • Real Estate

Asset & Contract Level

  • Portfolio Level
  • Schedule Level
  • Asset Level
  • Component Level

Learn More about IFRS 16

Educational Resources on Lease Accounting

Lease Accounting Resources