Keeping up with ASC 842 compliance is probably eating up your finance team's days with endless Excel sheets tracking all your lease agreements, hours spent manually entering each lease into the G/L, the headache of recalculating everything when lease terms change, not to mention that constant worry about getting the financial statements right.

It's not just about the time - it's about the stress of knowing one small mistake could cause big problems. Your team is too talented to spend days on repetitive tasks and constant double-checking. That's where we can help.

With SOFT4Lessee, you'll be able to:

Facilitate lease classification - Operating Lease vs Finance Lease
Manage lessee’s incremental borrowing rates (IBR)
Simulate the transition to ASC 842 using either the Effective Date method or Comparative method and estimate the impact on your balance sheet
Produce G/L Journal on the actual transition
Calculate complete projections of the lease liability, right-of-use asset measurements and cash flows
Calculate figures for your balance sheet, income statement, and statement of cash flows
Generate a Lease Liability report, Right-of-use asset report, Maturity analysis report, weighted averages report for disclosures required by ASC 842
Manage lease modifications and re-assessments, as well as lease renewals, expirations, and terminations
Seamlessly integrate with other systems for lease data input and G/L output (monthly journal for leases)

FOR MORE DETAILS PLEASE VISIT: www.soft4lessee.com

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

Supported countries: United States, Australia, New Zealand, United Kingdom, Indonesia, Malaysia, Singapore, South Africa, Thailand, United Arab Emirates.

Supported languages: This app is available in English.

Keywords: Lease accounting software, lessee, lessor, ASC842, ASC-842, ASC 842 compliance, ASC842 software, ASC 842 lease standards, right-of-use asset calculations, lease liability automation, ASC 842 lease reporting, automated lease management, lease disclosure software, ASC 842 transition tool, lease accounting for equipment, real estate lease compliance under ASC 842, lease standard implementation, cloud-based ASC 842, ASC842 Liability and Right of Use Future Projections, lease management system, ROU asset management software, ASC 842 for Business Central, Dynamics 365 lease management, lease accounting automation, US GAAP.

SOFT4Lessee for ASC 842 lease accounting

by SOFT4