Soft4Lessee is a software solution for lease accounting under IFRS 16/ ASC 842/ AASB 16 standard. IFRS 16 is a new accounting standard for leases which goes into effect as of January 2019 and requires lessees to recognize most leases on their balance sheets.
- Data Import/Export
- Lease Agreement Data Management
- Reports for IFR16 Presentation and Disclosures
- Accounts for Lease Liability
- Accounting for right of use asset
- Handling of Non-lease component
- Managing Lease Modifications
- Lease status management
- Variable Leases
- General Ledger integration
- Assessment of the Lease Term
Soft4Lessee will help your business to:
- Plan the transition to the IFRS 16 – calculate the impact and choose one of the transition options
- Stay compliant with the standard – upload new leases every month, let the system calculate values and download G/L transactions.