The lease accounting software in accordance with IFRS 16


Our tool helps you to collect your leases and relevant data, automate all the required journal entries and disclosures, and monitor changes in your contracts that impact your financial statements.

What you need in a tool for IFRS 16

Our software for reliable IFRS 16 accounting is sure to be the right tool for you thanks to all the functions it offers, which include:

  • transparent reconciliation of operating leases in line with IFRS 16
  • calculation of lease contracts using the modified retrospective and full retrospective methods
  • automated remeasurements of lease liability
  • use of a standardized system, no add-on solutions required
  • simple and intuitive user interface
  • flexible ways to display contracts

An intelligent solution to IFRS 16 accounting

How LucaNet can benefit you

Efficiency

Greater efficiency means having more time for other things. This is precisely what LucaNet's solution for lease accounting can give you in determining your right-of-use assets and lease liabilities. Based on all the relevant contract data, our leasing tool carries out the necessary calculations each month and shows you the trends in right-of-use assets and lease liabilities over the entire lease term in question.

Traceability

It's time to take control. Thanks to the clearly arranged formats in which the LucaNet leasing solution can display your many lease contracts, you’ll be able to achieve greater transparency. Clear structuring of your contracts will lead to improved traceability, as well. Here, LucaNet enables you to break down all your IFRS 16 accounts based on freely definable criteria (an asset class, for example).

Consistency

Why not make your life easier? The IFRS 16 solution from LucaNet gives you a simple, intuitive, and standardized way to enter your lease contracts, which will help you ensure consistency. You can start by importing your existing contracts into LucaNet using an Excel template.

Only LucaNet simplifies complexity

With the help of our Excel template, you can enter a large number of lease contracts in LucaNet in a single import.

Trends in right-of-use assets and lease liabilities are displayed in separate tables for each contract over its entire term.

The reconciliation function enables you to automatically zero out lease expenses from the source system.

By making a breakdown of all the accounts generated by the tool by asset class, you can determine the disclosures required directly within LucaNet.

software demo

Learn even more about our software for reliable IFRS 16 accounting

Want to see our IFRS 16 tool in action? Are you also interested in finding out where and how LucaNet software can offer you even more support? We’d be pleased to offer you a live, personalized demo with no obligation – either at your offices or in an online presentation.

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