"Your GAAP Specialists"
Complete Lease Accounting Software
Lessee Accounting and/or Lessor Accounting
ASC 842
GASB 87/96
IFRS 16
Accounting ​
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Journal entries for the entire life cycles of leases: commencement, interim, modification and termination
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Interest rate implicit in the lease calculation
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Amortization table generation
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Lease classification test at the commencement as well as at the modification/reassessment
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In-application chart of account configuration
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All journal entries for the month in one concise report
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Journal entries export to Excel in a single-column format
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Multiple charts of accounts accommodated
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Journal entries in local currencies
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Journal entries in functional currencies with calculated exchange gain/loss
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Lease Impairment
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Mid-lease reassessments
Financial Reporting / Disclosure
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“Footnote-ready” summary reports
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“Audit-ready” detail reports
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Maturity Analysis report as of any period, and reconciliation with lease liabilities.
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Weighted average remaining lease term and discount rate report
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Rollforward
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Segment reporting
Navigation
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Quick search by keyword
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Intuitive input with GAAP tips
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Integrated data validation
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Satellite map or birds eye's view from Google or Bing.
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Filter and sort reports by virtually all fields
Internal Control
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Audit trail of individuals making changes
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Segregation of Duties
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Exclude any leases from journal entries and reporting until they are approved
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Lockdown lease records once they are approved
Teamwork
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Works in a shared network drive environment. Multiple team members can work on the same project.
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Works in cloud (e.g., Office 365) environment. Multiple team members can work on the same project.
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Works across computers in an unconnected environment by sharing files via email
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Export data, reports to Excel, PDF, etc.
Lease Administration ​
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Attach lease agreements, pictures, emails, etc.
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Multi-layer organization: segments (divisions, subsidiaries) and branches
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Automatically create organized folders to store exported reports
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Expiration alerts
System Requirements
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On Premises version: Microsoft Access
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Saas (Cloud-based) version: Internet Connection
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Works with any language supported by Microsoft Office
GAAP Compliance (Financial Accounting)
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FASB ASC 842, IASB IFRS 16, or dual-standard tools
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GASB 87
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Lessee accounting and lessor accounting
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New standard adoption transitional accounting and reporting
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Reports modeled after authoritative implementation guidance
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Proper calculation of cash flow disclosure by lease classification by segment
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Proper calculation of the current portion of lease liabilities
Management Accounting
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Budgeting - Future balances, expenses, and cash flows forecasts
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Lease versus Buy analysis
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Visual Charts
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Multi-Currency
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Remeasurement from local currencies to functional currencies, and translation to reporting currency.
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Historic exchange rate maintenance for ROU assets AND amortization
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Flexible reporting currency for analysis purpose​