With its flexible structure and the ability to interface with corporate accounting systems, we lease accounting software has always operated to enable compliance with core accounting and financial reporting regulations. Businesses can automate otherwise time-consuming calculations, 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 corporate accounting systems to avoid manual journal creation. In addition, fields have been added that capture discount rates, assumed end dates of the lease.
Advantages
- Ensure data is captured at source, eliminating the need for multiple entries
- Easily generate lease capitalization and disclosure reports. Run lease classification tests
- A single source for all current, newly signed and planned leases, including lease terms, financials and potential changes
