With billions of pounds of leases set to be added to the balance sheets due to new accounting standards, accounting departments will face complexities as they struggle to ensure all the necessary details are synchronised. PowerPlan’s Lease Accounting Solution ensures you are fully compliant with the new IASB and FASB lease accounting standards. The solution is compatible with multiple accounting treatments, including GAAP, IFRS and IASB. Additionally, it supports bookkeeping, future expense forecasting, investment management, workflow approvals and reporting.
PowerPlan's Lease Accounting Solution enables you to account for all capital and operating leases, including machinery, fleet, real estate, purchase power agreements and IT equipment. PowerPlan lets your company build a consistent lease management policy with full transparency into lease agreements and recurring payment obligations, making January 1, 2019 a non-event.
PowerPlan's Lease Accounting Solution provides complete accounting lifecycle and invoicing for all lessor agreements. It not only serves as a repository for all lessor agreements, but contains enhanced modeling capabilities to generate leases with the most beneficial terms and conditions. The module handles the full range of lease calculations, from simplistic to the most complex, including variable rate and dynamic lease calculations.
A single integrated lease accounting solution that provides full transparency into lease agreements and recurring payment obligations while automated processes integrate invoice creation with billing departments. Thus, enabling better traceability and recognition of receivables. Complete integration between lessee and lessor solutions simplifies inter-company leasing and subleasing activities. Lease Accounting functions as a standalone system, or can be integrated with PowerPlan's industry leading capital asset solutions.