Your dedicated partner
Manage your transition to
IFRS 16 / AASB 16 standard
All-in-one lease accounting software solution added to your Wiise / BC platform
SOFT4Lessee is a software solution for lease accounting under IFRS 16 (International)/ ASC 842 (N. America)/ AASB 16 (Australia & NZ) accounting standard, available both in the Cloud (in SaaS model) and on-premise.
Businesses with large portfolios of operating leases (properties, vehicles, equipment) will be impacted by the change in accounting standards, as the new standards require lessees to recognize assets and liabilities arising from operating leases on the balance sheet.
SOFT4Lessee will help your business to:
- Plan the transition to the IFRS 16/ AASB 16 standard – calculate the impact and choose one of the transition options.
- Stay compliant with the standard – upload new leases every month, let the system calculate values and download G/L transactions.
Soft4Lessee Main Features
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Lease Agreement Data Management
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Re-measurement as circumstances change
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Reports for IFRS 16 / AASB 16 presentation and disclosures
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Accounting for lease liability
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Accounting for right-of-use (RoU) asset
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Handling non-lease components
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Managing lease modifications
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Lease status management
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Variable leases
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Sub-lease management
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General ledger integration
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Assessment of the lease term
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import and export to/from other systems
