Additional information for Advantage Leased Assets
Key features of Advantage Leased Assets
View All Features
- Capitalization Reporting
- Critical Date Alerts
- For Equipment Leases
- Payment Tracking
• Transition Accounting from ASC 840 to ASC 842 and IAS 17 to IFRS 16 reduces the risk of errors and financial discrepancies.
• Automated Lease Classification of operating or finance leases streamlines adoption and transition.
• Accurate Calculations performed at a daily level, such as right-of-use (ROU) asset and lease liability, amortization, and interest expense, save time and enable flexible reporting.
• Audit Trail tracks changes by user and maintains a complete history of every action to keep you on solid ground.
• Auto-Generated Journal Entries cut down on manual entries, improve accuracy, and speed up reconciliation.
• Standard Reports provide robust yet concise information on your lease portfolio: payment data, amortization schedules, ASC 842 and IFRS 16 disclosures, and strategic insight to inform management.
• Flexible Entity Management lets you track leased assets by entity, consolidate entities into groups, and manage custom calendars such as 52/53 week years.
• Integration with ERP, GL, AR, lease management, and internal systems simplifies lease accounting and reporting across multiple business segments, legal entities, or business units.