Sage Intacct Lease Accounting
User-friendly lease accounting software for regulatory compliance
Does your company depend on leased assets like real estate, equipment, and vehicles? This creates an extra layer of variability beyond the typical purchases, taxes, and revenue calculations. Lease management software automatically factors these elements into your operational data, giving you full financial control and ensuring compliance with evolving US regulations like ASC 842 and IFRS 16.
Lease Accounting Key Benefits
Compliance with Lease Accounting Standards
Take the guesswork and uncertainty out of reporting your lease obligations. Lease accounting provides built-in functionality to ensure compliance with ASC 842, GASB 87, GASB 96, IFRS 16, SFFAS 54, FRS 102
Productivity and Efficiency
Set new leases up in minutes and then simply review your automated entries, schedules, and payments each month to save time while reducing errors.
Supports Mid-lease changes and Early termination
Lease Accounting provides users the ability to take leases out of service and make any changes or even terminate a lease early. With built-in functionality, lease schedules and entries will automatically update based on changes made to your lease.
Integration with Core Financials
Lease Accounting is seamlessly integrated with Sage Intacct core Financials, allowing you to leverage your chart of accounts and multi-dimensional reporting, and automatically generate all necessary lease accounting GL and AP Journal entries and payments.
Lease Accounting FAQ’s
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Yes, Lease Accounting supports the use of User Defined Dimensions.
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No, a user can provision Lease Accounting on their own. For more details, please see the Lease Accounting setup guide.
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Yes, the Lease Accounting module accommodates changes to leases as well as early terminations.
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Yes, you can create pre-existing leases, and dictate when the module should begin creating transactions. You can also use the module to create past transactions.
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Yes, Payment Schedules can be imported or generated by the module. The module will then use this schedule to generate the Lease Liability and RoU Asset Schedules.
Ready to start using Sage Intacct Lease Accounting?
The link below will take you to the Lease Accounting Training Course, where you will find step by step instructions on how to setup and use the Lease Accounting module. To learn more about how to gain access to the module, please reach out to your local Sage Intacct Sales Representative.