ASC 842 & IFRS 16 Lease Accounting Module
Stay compliant with ASC 842 and IFRS 16 lease accounting standards. Our Lease Accounting module helps you navigate the complexities of lease accounting, ensuring accurate recognition of lease assets and liabilities on your balance sheets. Our dedicated accounting module automates and streamlines the process, saving you time and reducing the risk of errors.
The software walks you through a step-by-step lease accounting setup checklist to get you started. Along the way, built-in pop-up menus help users accurately identify and classify each lease.
Once your income and expense schedule is built within the lease abstract, our software takes it from there. Every required metric is captured and calculated automatically, generating your Right-of-Use asset and a complete amortization table — with no manual rekeying and no room for error.
The platform accounts for every variable that matters:
⚙️ Incremental Borrowing Rate (IBR) — applied accurately to reflect your organization's borrowing cost
⚙️ Lease Term — full lifecycle visibility from commencement through expiration
⚙️ Lease vs. Non-Lease Components — properly separated to ensure compliant treatment
⚙️ Initial, Fixed & Variable Payments — all payment types captured and classified correctly
⚙️ Fiscal Year Configuration — aligned to your reporting calendar
⚙️ Compounding Frequency & Day Count Convention — supports both 360 and 365 conventions
⚙️ Option Declarations & Associated Payments — renewal, termination, and purchase options reflected in real time
⚙️ Month-to-Month Payment Treatment — consistent handling of holdover and MTM arrangements
⚙️ Index Rates for Variable Payments — CPI, market, and other rate-linked adjustments built in
⚙️ Lease Modifications & Re-Measurement Events — triggering automatic recalculation when terms change
From there, you can generate and seamlessly organize the data into fully customizable reports. The scope of these reports can range from portfolio-wide to a single lease. Report metrics include:
⚙️ Lease Liability
⚙️ Book Value
⚙️ Interest
⚙️ Balances
⚙️ ROU depreciation
⚙️ Payments
⚙️ SL & Weighted average payments
⚙️ Journal entries
⚙️ Lease assumptions
⚙️ Controls
Automatically generate journal entries across the full lease term — eliminating manual calculations and reducing the risk of errors.
The result is a fully compliant, audit-ready amortization schedule — built from your lease data, not around it
From Abstract to Amortization — Automatically.
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Booking a demo is easy — our team is prepared to give you the attention, care, and expertise you need. Choose a time that suits you to get started.