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Soft4Lessee for IFRS 16/ AASB 16

Soft4

Lease accounting software designed specifically to support IFRS 16/ AASB 16 standards.

Is your business ready for IFRS 16 changes? New accounting standard has a huge impact on how organizations need to manage and report their lease data. The implementation of IFRS 16 can be time-consuming and it will directly impact the financial performance, internal processes and even the value of the company, not just reporting and compliance – so you need to get it right and on time.

Save time, resources and simplify compliance with lease accounting and lease contract management solution Soft4Lessee designed for companies with hundreds or thousands of operating leases and prepare financial statements in accordance with IFRS 16. 

SOFT4LESSEE WILL HELP YOU

  • Plan the transition to the IFRS 16/ AASB 16. Calculate the impact and choose one of the transition options
  • Save hours on lease data import and safely transit from old software or spreadsheets
  • Manage accounting for lease liability. Calculate lease liability and present lease liabilities on the balance sheet
  • Perform various IFRS 16 related calculations
  • Manage variable leases as per IFRS16 requirements
  • Prepare reports for IFRS 16/ AASB 16 presentation and disclosures in just a few clicks
  • Integrate with other systems, including different ERP (SAP, Oracle, QuickBooks, Sage etc.) and your General Ledger
  • Enjoy the multi-company and multi-currencies functions
  • Manage the challenges of dual reporting. Calculate and post to General Ledger expenses as per previous IAS 17 standard

 

LET US SUPPORT YOUR IFRS 16 COMPLIANCE PROJECT!
Benefit from our significant industry knowledge and international experience. Contact us and explore Soft4Lessee at https://soft4lessee.com

Supported editions:
This app supports both the Essential and Premium editions of Microsoft Dynamics 365 Business Central.


Supported countries:
Australia, Austria, Canada, Denmark, Estonia, Finland, France, Germany, Hong Kong SAR, Iceland, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, Netherlands, New Zealand, Norway, Serbia, Singapore, South Africa, Sweden, Switzerland, Taiwan, United Arab Emirates, United Kingdom.

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