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Lessees and lessors can get compliant in hours
with ASC 842, GASB 87, GASB 96, and IFRS 16.

Watch tour:

Fast setup

Built-in compliance

Easy audit-ready close

Fast setup

Built-in compliance

Easy audit-ready close

 5/5

Saved us countless

hours of work.

– Joel G.

 5/5

Responsive and helpful

customer service.

– Mikhal S.

 5/5

Reconciliation takes a

fraction of the time.

– Trey C.

Lessee, lessor: Designed to account for every type of lease transaction.
Document repository: Store all of your documents in one repository.
Balance sheet & income statements: Balance sheet and income statement (P&L) activity by period with ending balances presented by lease and consolidated.

Automatic classification: Automatic classification and capitalized value / rate computations for every lease, including detailed results of all capital / operating tests.
Practical expedients: Automatic application of practical expedient elections.
Lease and non-lease components: Native handling of lease and non-lease components.

Footnotes disclosure: Complete footnote disclosures of future rent commitments.
Consolidation reporting: Can be subtotaled and consolidated based on user-defined criteria.
Catch-up accounting: A lease that started prior to the current reporting period can be added to the database with a current booking date so that prior reports are unaffected.
Locking journal entries: Lock your journal entries to ensure consistency with your general ledger.

Gregorian, 4/4/5, 13 period calendars: Any and all fiscal calendars can be maintained in the database.
Contingent rents: Contingent rents (variable lease payments) tracked separately from minimum lease payments. Seven different types of contingent rent can be recorded individually.
Notice dates: Automatic reminders of rent changes, lease expirations, and user-defined events.
Month-to-month lease extensions: Month-to-month lease extensions keep lease active after expiration.
Correction terminations: Correction terminations permitted to reverse activity previously booked without affecting closed reporting periods.
Historic data: A true lease accounting subledger can run all historic and future accounting from a single database.
Multi-company accounting: Manage multiple companies' lease data with a single login.