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 and Equipment Leases

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

Multi-GAAP Financial Reporting

  • IFRS 16
  • IAS 17
  • ASC 842
  • ASC 840

SAP & Oracle ERP Integration

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

Asset Level Lease Accounting

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

IFRS 16 Software

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LeaseAccelerator Live Demo
Learn How To
  • Generate the financial reports and disclosures required for IFRS 16 compliance
  • Extract, centralize, and manage leasing data from disparate sources and systems
  • Perform asset-level lease accounting for real estate, IT, fleet, and equipment leases
  • Streamline and transform lease administration and accounting processes to a scalable and well-governed environment
  • Save 16-20% on lease expenditures

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IFRS 16 Demo

Two Minute Overview

Features of our Lease Accounting Software

Day One Compliance

Meet IFRS 16 Implementation Deadlines

Initial Recognition and Measurement

Performs the initial recognition and measurement necessary to comply with IFRS 16

  • Short term leases
  • Low value leases
  • Payment, terms and discount rate
  • Asset, contract, portfolio level

Simple and Complex Lease Structures

Support for a wide range of  complex rents and residual values

  • Gross, Net, Fair Market Value, Dollar Out, TRAC, Step Leases
  • Market, performance, usage-based variable rents
  • End-of-term options to renew, terminate, return/move-out

Transition and Practical Expedients

Flexibility to support the IFRS 16 transition accounting options:

  • Full or modified retrospective
  • Short term and low value exemptions
  • Cumulative catch up

Financial Reporting and Disclosures

Support the quantitative and qualitative disclosures required for IFRS 16

  • Financial position, profit and loss, cash flow statements
  • Maturity analysis
  • Scope of leasing activities

Day Two and Beyond

Automate Record-to-Report

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

Learn More about IFRS 16

Educational Resources on Lease Accounting