Lease accounting software systems are accounting management systems specifically designed to manage leases. They help with business accounting by automating compliance and bookkeeping tasks, and by ensuring compliance with relevant accounting standards such as IFRS 16.
There are multiple different lease accounting software solutions on the market, all of which have different features and functions to help both the lessor and lessee. The FMIS IFRS 16 lease accounting software includes features such as:
- Compliance with IFRS 16 and other accounting standards
- Mid-term adjustments
- Purchase Order fulfillment
- Delivery management
- Returns management
- Handling of changes to the lease
- Invoice matching
- Direct debit management
And much more.