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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.

CLOUD BASED MANAGEMENT SYSTEM

LeaseTracker takes care of it

Liability amortisation schedules

Right of use amortisation schedules

Retrospective adjustments and journals

Operational lease
reporting

WHO NEEDS LEASETRACKER

Header 1

The LeaseTracker system is ideal for companies with numerous leases who do not want to maintain their asset schedules and accounting entries from volumes of excel spreadsheets.

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The LeaseTracker system is suitable for individual companies as well as global groups.

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The system generates lease level, company level and group level reports.  

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The system specifically caters for multiple leases to multiple business units and combinations of owned and leased properties, with various outgoing arrangements.

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FEATURES

Features to simplify your everyday.
01

Reporting and Management

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 and formula

Systematic capture of all leases with completeness checks System driven formula and calculations
02
03

Centralised Permissions

System permissions between capturer and authoriser allowing for segregation of duties. Lease information is centralised in one place.

Cloud Based

The LeaseTracker system is a cloud based system which is easy to access and navigate. Assets are geo tagged on maps feature
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05

Easy to Manage Leases

IRR or IBR Multi-asset addition. Regular and variable rental payments. Payments at beginning of lease or end of lease. Re-measure leases

Document Storage and Audit Trails

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
06

KEY ACCOUNTING INFO

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

LET LEASETRACKER TAKE CARE OF IT

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

BENEFITS OF USING LEASETRACKER

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.

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Contact Us

   Phone: +27(0) 10 506 0599
   Email: enquiries@leasetracker.co.za
   Address: 7 Corobrik Road,
Meadowdale, Johannesburg, Gauteng.

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BOOK A FREE DEMO

Book a non-obligation FREE demo and see how we can SAVE you money