IFRS 16 Software
Achieve Accurate Financial Reporting by both Accounting and Administering for Your Lease Portfolio with our 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
- Accounting – Multi-GAAP reporting and leasing sub ledger
- Administration – End-to-end lease lifecycle tracking and reporting
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
SAP & Oracle Integration
- General Ledger
- Accounts Payable
- Fixed Assets
- Real Estate
Asset & Contract Level
- Portfolio Level
- Schedule Level
- Asset Level
- Component Level
