LEASE MANAGEMENT & COMPLIANCE MANAGEMENT
LeaseTracker is a lease management and accounting compliance system tool that will assist you
to be compliant with the latest IFRS 16 Lease Requirements.
WHY NOW
WHAT IS IFRS 16?
The new IFRS 16 accounting standard is effective 1 January 2019. The new IFRS 16 requirements eliminate nearly all off balance sheet accounting for lessees. The new standard requires lessees to recognise leases on the statement of financial position which will reflect their right to use an asset for a period of time and the associated liability for rental payments. Tracking leased assets is now a complex and critical function.
LeaseTracker takes care of it
Features to simplify your everyday.
Maintenance and control of master data by system administrators (discount rates). Only authorised users have access to system and data.
Quick and easy reporting tools.
Systematic capture of all leases with completeness checks
System driven formula and calculations
System permissions between capturer and authoriser allowing for segregation of duties.
Lease information is centralised in one place.
The LeaseTracker system is a cloud based system which is easy to access and navigate.
Assets are geo tagged on maps feature
IRR or IBR Multi-asset addition. Regular and variable rental payments.
Payments at beginning of lease or end of lease.
Re-measure leases
Electronic lease copies stored and referenced in cloud based system.
Each lease created is issued a unique sequential reference number.
Track user activity and system changes
LeaseTracker gives you a snapshot overview to enable you to make real-time decisions
IFRS 16 accounting report showing asset, liability, rentals and amortisation schedules
IFRS 16 retrospective journals
IFRS 16 journals per month/per year
IFRS 16 vs IAS 17 comparison reports for historical lookback and future planning
Use LeaseTracker for multiple leases, where central control is necessary.
Full systematic calculations of IFRS 16 and IAS 17 requirements.
No more isolated spreadsheets, no more permission issues, no more version control uncertainty.
Get IFRS and IAS right first time, every time with minimal challenges.
Manage large portfolios and groups simply and with easy exportable reporting.
Use LeaseTracker for multiple leases, where central control is necessary.
Full systematic calculations of IFRS 16 and IAS 17 requirements.
No more isolated spreadsheets, no more permission issues, no more version control uncertainty.
Get IFRS and IAS right first time, every time with minimal challenges.
Manage large portfolios and groups simply and with easy exportable reporting.
LeaseTracker is a lease management and accounting compliance system tool that will assist you
to be compliant with the latest IFRS 16 Lease Requirements.
The new IFRS 16 accounting standard is effective 1 January 2019. The new IFRS 16 requirements eliminate nearly all off balance sheet accounting for lessees. The new standard requires lessees to recognise leases on the statement of financial position which will reflect their right to use an asset for a period of time and the associated liability for rental payments. Tracking leased assets is now a complex and critical function.
Features to simplify your everyday.
Maintenance and control of master data by system administrators (discount rates). Only authorised users have access to system and data.
Quick and easy reporting tools.
System permissions between capturer and authoriser allowing for segregation of duties.
Lease information is centralised in one place.
The LeaseTracker system is a cloud based system which is easy to access and navigate.
Assets are geo tagged on maps feature
IRR or IBR Multi-asset addition. Regular and variable rental payments.
Payments at beginning of lease or end of lease.
Re-measure leases
IFRS 16 accounting report showing asset, liability, rentals and amortisation schedules
IFRS 16 retrospective journals
IFRS 16 journals per month/per year
IFRS 16 vs IAS 17 comparison reports for historical lookback and future planning
System driven call to actions
Receive system flags / Notifications that
lease requires renewal or termination
Quick lease summary reports to make quick and effective decisions
Use LeaseTracker for multiple leases, where central control is necessary.
No more isolated spreadsheets, no more permission issues, no more version control uncertainty.
Manage large portfolios and groups simply and with easy exportable reporting.
Full systematic calculations of IFRS 16 and IAS 17 requirements.
Get IFRS and IAS right first time, every time with minimal challenges.