| 01Central Lease Repository |
Stores property, equipment, vehicle, and other lease records together with contracts, payment terms, dates, options, entities, and accounting attributes. |
Create / Import Lease→
Capture Contract Terms→
Attach Documents→
Maintain Central Record
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Support for property, equipment, vehicle, and other lease types
Custom fields, entities, cost centers, and classifications
Document attachments and searchable lease records
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| 02Lease Data Abstraction & Import |
Captures key accounting terms from contracts or structured files, reducing manual setup for large lease portfolios. |
Upload Contract / Data File→
Extract Lease Terms→
Validate Required Fields→
Create Lease Record
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Spreadsheet, API, and bulk-import options
Automated contract abstraction where offered
Validation controls for missing or inconsistent lease data
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| 03Lease Classification & Accounting Rules |
Applies accounting treatment based on lease type, entity policy, commencement date, payment structure, and applicable reporting requirements. |
Enter Lease Terms→
Apply Accounting Rules→
Determine Classification→
Set Accounting Treatment
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Support for applicable standards such as ASC 842, IFRS 16, or GASB requirements
Configurable accounting policies and classification logic
Treatment of short-term and other permitted exemptions where relevant
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| 04Lease Liability & ROU Asset Calculations |
Calculates present value, lease liability, right-of-use asset balances, interest, amortization, and related accounting schedules. |
Load Payments & Terms→
Apply Discount Rate→
Calculate Liability & ROU Asset→
Build Accounting Schedule
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Present-value and amortization calculations
Variable, escalating, free-rent, and irregular payment handling
Transparent calculation schedules for review and audit
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| 05Discount Rate & Payment Management |
Maintains discount rates and scheduled lease payments used in accounting calculations across entities, currencies, asset classes, and reporting periods. |
Define Payment Schedule→
Assign Discount Rate→
Calculate Periodic Amounts→
Update Accounting Schedule
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Incremental borrowing rate and other required rate methodologies
Rate tables by term, entity, currency, or asset class
Fixed, variable, indexed, and stepped payment structures
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| 06Lease Modifications & Reassessments |
Recalculates lease accounting when terms change because of extensions, terminations, payment revisions, scope changes, or option reassessments. |
Record Lease Change→
Determine Modification Treatment→
Remeasure Balances→
Update Future Schedule
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Extensions, reductions, terminations, and payment changes
Remeasurement and reassessment workflows
Preservation of pre- and post-modification accounting history
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| 07Journal Entries & Period-End Accounting |
Produces recurring accounting entries for lease expense, interest, amortization, liabilities, right-of-use assets, and other period-end adjustments. |
Run Period-End Calculation→
Generate Journal Entries→
Review & Approve Entries→
Post to General Ledger
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Recurring and adjustment journal generation
Mapping by entity, account, department, and cost center
ERP or general-ledger export and posting options
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| 08Disclosure & Financial Reporting |
Produces lease balances, maturity analyses, expense summaries, roll-forwards, and supporting disclosures for financial reporting and management review. |
Aggregate Lease Accounting Data→
Apply Reporting Rules→
Generate Disclosure Schedules→
Review / Export Reports
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Disclosure reports aligned with applicable accounting requirements
Maturity, roll-forward, expense, and balance reporting
Entity, portfolio, asset-class, and period-level reporting
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| 09Lease Controls, Approvals & Audit Trail |
Controls changes to lease data and records who created, reviewed, approved, modified, or posted accounting information. |
User Changes Lease Data→
Route for Review / Approval→
Record Change History→
Preserve Audit Evidence
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Role-based permissions and segregation of duties
Approval workflows for material lease changes
Complete audit trail of calculations, assumptions, and revisions
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| 10Lease Portfolio Analytics & Integrations |
Combines lease accounting and portfolio data for management reporting while connecting lease records with ERP, accounts payable, procurement, and reporting systems. |
Aggregate Lease Portfolio Data→
Analyze Balances & Obligations→
Connect Finance Systems→
Improve Lease Oversight
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Liability, ROU asset, payment, and maturity dashboards
ERP, GL, accounts payable, procurement, and reporting integrations
APIs, bulk exports, custom reports, and multi-entity consolidation
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