IFRS 16 compliance

Visual Lease lease accounting software
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Check the box for compliance

The time to be compliant is now. IFRS 16 requires that you report on all leases which are not considered short-term or low-value. Visual Lease streamlines complex processes related to achieving regulatory compliance under the IASB, as well as FASB and GASB.

Centralize your lease data

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

Meet compliance deadlines with confidence

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.

Leverage the power of automation

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.

Maintain compliance through change

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.

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Suggested reading & resources

6 Frequently asked questions about lease accounting remeasurements
Preparing for Lease Accounting Implementation: 7 Essential Tasks
How to prepare for lease accounting implementation: 7 essential tasks
Real estate lease accounting: 5 mistakes to avoid

Software that achieves compliance

Visual Lease is designed so you can optimize management of your lease portfolio – from IFRS 16 compliance, to ASC 842 and GASB 87.

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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.