CRE Lease Accounting features
Time saving calcuations
Automatic recalculations and associated balance sheet adjustments when leasing events require it, such as extensions and terminations.
Equipment lease management
Track and manage all types of assets, including office and IT equipment and vehicles, with visibility into critical data such as lease terms, depreciation schedules, and residual value guarantees.
New disclosure reports providing details of right-of-use assets, interest, amortization, cash flow and weighted terms.
What if scenarios
Scenario modelling of new leases to aid decision-making when considering the impact of new contracts on the balance sheet.
Enable compliance using software designed to manage your real estate and equipment leases
Our CRE lease accounting software has always operated to enable compliance with core accounting and financial reporting regulations, including IAS 17 and the new FASB ASC 842 and IASB IFRS 16 standards. This means that by using our software, businesses can automate calculations that are otherwise time-consuming, prone to error and difficult to audit in a spreadsheet or separate software approach. Designed as an open information system, the calculated values can be interfaced through to corporate accounting systems to avoid manual journal creation. In addition, fields have been added that capture discount rates, assumed end dates of the lease (taking into account break clauses and extensions, plus comments to satisfy auditors as to why this date has been chosen), incentives, costs and dilapidations.
A single source for all current, newly signed and planned leases, including lease terms, financials and potential changes.
Handle IASB and FASB calculations simultaneously.
Get automatic notifications when critical information changes. Finance can also be notified when a new lease is under negotiation.
Ensure data is captured at source, eliminating the need for multiple entries.
Easily import revised lease abstracts to ensure the accuracy of information.
Model scenarios for full and modified retrospective leases, and see what impact these have on the balance sheet.
Address wider workplace needs, including space management, maintenance and facilities management.
Easily generate lease capitalization and disclosure reports. Run lease classification tests.
Management of landlord incentives, impairments and dilapidation provisions.
API allows easy integration to corporate ERP for lease payment and receivables.