Lease Accounting
Lease accounting is complex calculation especially when you factor in the various scenarios and edge cases that exist. The market is flooded with a lot of good web-based products but there isn’t any that is simpler and cost-effective than what we are offering.
LeaseXLPlus-
This is an EXCEL based product that does complete lease accounting for ASC842/GASB87/IFRS16. It is developed using basic EXCEL features, macros, and VBA. No additional plugin is required to install and use it. As you know that Excel is the most commonly used productivity tool thus deploying this product will pose little to no user training and acceptance challenges.
This is designed to include all aspects of a lease contract lifecycle:
- New lease creation
- Standard modifications
- Terminations – partial and full
- Impairments
- Classification and Reclassification
- Journal Entries
- Lease components such as bargain purchase options, direct costs, incentives, residual values, prepaid, ROU adjustments, etc.
This can be used as a lease accounting solution, or it is also a great tool to help with testing for implementation of lease accounting application.
LeaseXL-
This is an EXCEL based product that does complete lease accounting for ASC842/GASB87/IFRS16. It is developed using basic EXCEL features. No additional plugin is required to install and use it. The tool is very easy to use and generates accounting schedules for new leases and standard modifications by following documented instructions. This can be used as a lease accounting solution, or it is also a great tool to help with testing for implementation of lease accounting application.