IFRS 16 Lease Accounting Overview

IFRS 16 Lease Accounting software is designed to help businesses comply with the IFRS 16 standard, which requires the recognition of most leases on the balance sheet. This software simplifies the accounting and reporting processes by automating the calculation and management of lease liabilities and assets. It helps organizations accurately determine the present value of lease payments, calculate depreciation, and track the amortization of lease liabilities, ensuring compliance with the IFRS 16 framework. IFRS 16 Lease Accounting software streamlines the preparation of financial statements by automatically generating lease-related journal entries and reports. The software also includes features for lease administration, such as lease term tracking, payment schedules, and contract details. By automating these complex calculations, businesses can save time, reduce errors, and mitigate the risk of non-compliance. Additionally, the software provides robust audit trails and reporting capabilities, making it easier for companies to manage audits and financial reviews. This software is essential for companies with multiple leases to stay compliant with IFRS 16 while maintaining accuracy and efficiency in lease accounting.

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Contact Details

  • Vendor Name LeaseTracker
  • Founded
  • Location South Africa

Support

  • Email Email
  • Phone Phone

Training

  • NA

Licensing & Deployment

  • Proprietary Proprietary
  • Cloud Hosted Cloud Hosted
  • Web-Based Web-Based

Typical Customers

  • Self-Employed Self-Employed
  • Small-Business Small-Business
  • Midsize-Business Midsize-Business

Languages Supported

English


Industries

Capital Markets, Computer Software, Information Technology & Services

IFRS 16 Lease Accounting Features

  • Arrow Icon Payment Tracking
  • Arrow Icon Amortization Schedule
  • Arrow Icon For Equipment Leases
  • Arrow Icon Budgeting/Forecasting
  • Arrow Icon Critical Date Alerts
  • Arrow Icon Billing & Invoicing
  • Arrow Icon For Real Estate
  • Arrow Icon Tax Management
  • Arrow Icon Expense Tracking
  • Arrow Icon Capitalization Reporting
  • Arrow Icon Portfolio Management
  • Arrow Icon Asset Lifecycle Management

IFRS 16 Lease Accounting Pricing

Pricing Type

  • Pricing Type Contact Vendor

Preferred Currency

  • ZAR (R) ZAR (R)

Free Trial

  • NA

Free Version

  • NA

Payment Frequency

  • NA

IFRS 16 Lease Accounting FAQs

IFRS 16 Lease Accounting software is designed to help businesses comply with the IFRS 16 standard, which requires the recognition of most leases on the balance sheet. This software simplifies the accounting and reporting processes by automating the calculation and management of lease liabilities and assets. It helps organizations accurately determine the present value of lease payments, calculate depreciation, and track the amortization of lease liabilities, ensuring compliance with the IFRS 16 framework. IFRS 16 Lease Accounting software streamlines the preparation of financial statements by automatically generating lease-related journal entries and reports. The software also includes features for lease administration, such as lease term tracking, payment schedules, and contract details. By automating these complex calculations, businesses can save time, reduce errors, and mitigate the risk of non-compliance. Additionally, the software provides robust audit trails and reporting capabilities, making it easier for companies to manage audits and financial reviews. This software is essential for companies with multiple leases to stay compliant with IFRS 16 while maintaining accuracy and efficiency in lease accounting.

  • No, IFRS 16 Lease Accounting does not offer a free version.

  • Yes, IFRS 16 Lease Accounting offers a free trial.

  • No, Credit Card details are not required for the IFRS 16 Lease Accounting trial.

  • No, IFRS 16 Lease Accounting does not offer an API.

  • IFRS 16 Lease Accounting offers support with the following options:
    • Email , Phone

  • IFRS 16 Lease Accounting supports the following languages:
    • English

  • Following are the typical users of the IFRS 16 Lease Accounting:
    • Self-Employed , Small-Business , Midsize-Business

  • IFRS 16 Lease Accounting supports the following deployment:
    • Cloud Hosted

  • IFRS 16 Lease Accounting supports the following devices and operating systems:
    • Web-Based