IFRS 16 compliance

We’ve helped 1,000+ organizations stay IFRS 16 compliant with our IFRS lease accounting software. Stay audit-ready year-round and drop the stress of worrying about keeping balance sheets fully compliant when we can take care of it for you.
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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.

All of 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.

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Additional IFRS 16 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
Lease accounting: The key difference between the GAAP and IFRS new lease standards
2021 guide to IFRS 16 lease accounting software
Lease accounting standards guide

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 is the IFRS 16 effective date?

IFRS 16 is 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 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.