IFRS 16 compliance

We help 1,000+ organizations stay IFRS 16 compliant year-round with our IFRS lease accounting and administration software. Drop the stress of worrying about your lease data and become confident in your ongoing compliance.

Maintain IFRS 16 compliance through every change.

As your leases evolve, it’s hard to keep up. Visual Lease makes it easy to handle the complexity of lease contracts, projects and workflows. And our lease accounting and administration software provides auditability through every change, so you never have to question your data.

All your IFRS 16 leases in one place

Avoid manually searching for lease data to produce month-end reporting and disclosures. Pull it all into one highly configurable, easily accessible platform.

Automatic IFRS 16 compliance & precision reporting

No matter how large or complex your lease portfolio is, having all your data in one place allows you to maintain a sustainable month-end process, improving overall accuracy.

Stay IFRS compliant through every step

Save yourself time, frustration and risk by managing your lease portfolio conveniently within an easy-to-use platform. Ensure your organization meets IFRS 16 standards with confidence.

Connect our lease accounting software with flexible APIs

Lease-specific details such as payment dates, options, rent steps, CPI escalations, TI reimbursements can change from one reporting period to another. Visual Lease alerts you to changes that could impact your financials so you can stay compliant.

Additional IFRS 16 Resources

IFRS 16 Frequently Asked Questions

What is IFRS 16?

IFRS 16 is a new lease accounting standard that was released by the International Accounting Standards Board (IASB). IFRS 16 changes the way companies account for leases in their financial statements. This new standard requires all leases to be considered finance leases.

When was the IFRS 16 effective date?

IFRS 16 was effective for periods beginning on or after January 1, 2019.

Who does IFRS 16 apply to?

IFRS 16 applies to all organizations that are already reporting under the International Financial Reporting Standards.

Software that goes beyond compliance

Visual Lease helps you maximize the financial and operational performance of your lease portfolio while ensuring continued compliance throughout Day 2.

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Efficient lease reporting

Disclosure reporting made easy. Quickly capture and summarize lease financials and corresponding journal entries.

Powerful integrations

Conveniently add lease data and journal entries to your general ledger/ERP through one-time or recurring automated integrations.

Manage complex calculations

Capitalize your leases in accordance with IFRS 16, providing the correct right-of-use asset and lease liability, as well as the correct straight line amortization based on the asset life or lease term.

Flag potential overpayments

Stop overpaying CAM and other lease-related operating expenses. Visual Lease's audit manager functionality automatically checks charges against lease terms to ensure alignment and flags potential discrepancies, saving you money.

Functional currency support

Visual Lease offers compliance with the accounting standards in every currency conversion scenario. The functional currency feature provides supporting evidence for audit and compliance purposes, stores both direct and reciprocal spot and average rates and automates the conversion process for output to the Lease Accounting Standard and Disclosure reports.