Soft4Lessee (IFRS 16)

Software Solution for Lease Accounting

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
  • Re-measurement
  • 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.

Interested in this solution?

Simply fill up the contact form below, and we will get back to you within 1 working day.