Accounting ​

• Journal entries for the entire life cycles of leases: commencement, interim, modification and termination

• Interest rate implicit in the lease calculation

• Amortization table generation

• Lease classification test at the commencement as well as at the modification/reassessment

• In-application chart of account configuration

• All journal entries for the month in one concise report

• Journal entries export to Excel in a single-column format

• Multiple charts of accounts accommodated

• Journal entries in local currencies

• Journal entries in functional currencies with calculated exchange gain/loss

• Lease Impairment

• Mid-lease reassessments

 

Financial Reporting / Disclosure               

• “Footnote-ready” summary reports

• “Audit-ready” detail reports

• Maturity Analysis report as of any period, and reconciliation with lease liabilities.

• Weighted average remaining lease term and discount rate report

• Rollforward

• Segment reporting

 

Navigation

• Quick search by keyword

• Intuitive input with GAAP tips

• Integrated data validation 

• Satellite map or birds eye's view from Google or Bing.

• Filter and sort reports by virtually all fields

 

Internal Control

• Audit trail of individuals making changes

• Segregation of Duties

• Exclude any leases from journal entries and reporting until they are approved

• Lockdown lease records once they are approved

 

Teamwork

• Works in a shared network drive environment. Multiple team members can work on the same project.

• Works in cloud (e.g., Office 365) environment. Multiple team members can work on the same project.

• Works across computers in an unconnected environment by sharing files via email

• Export data, reports to Excel, PDF, etc.

 

Lease Administration  ​

• Attach lease agreements, pictures, emails, etc.

• Multi-layer organization: segments (divisions, subsidiaries) and branches

• Automatically create organized folders to store exported reports

• Expiration alerts

 

System Requirements

• On Premises version: Microsoft Access 

• Saas (Cloud-based) version: Internet Connection

• Works with any language supported by Microsoft Office