Automate your ASC 842 lease accounting

ASC 842 compliance looks simple until you factor in multiple leases, international lease portfolios and lease data constantly changing. Centralize data and automate calculations to simplify lease management, reporting and compliance with SOFT4Lessee.

Free consultation

Free consultation

ASC 842 lease accoounting | SOFT4Lessee
ASC 842 lease accoounting | SOFT4Lessee

SOFT4Lessee handles complex calculations, organizes your agreement data, and creates the required reports turning manual work into easy, automated compliance.

Lease information import / export

Bringing your lease data into SOFT4Lessee couldn't be simpler. Upload your lease agreements, asset information, and payment schedules in a few clicks. Need to make changes? No problem! When your lessor sends a revised payment schedule, just upload the data and we'll handle the modifications.

Agreement data management

Managing mountains of lease agreements shouldn't feel like climbing one. SOFT4Lessee stores all lease agreements in one database, neatly organized by status: new agreements under consideration, active leases, and archived ones (expired or terminated early). Your team gets instant access to all lease data exactly when they need it.

Presentation and disclosure reports

SOFT4Lessee makes your financial reporting painless with ready-made reports for ASC 842 (US GAAP) reporting. When you need to present right-of-use assets by category and separate lease liabilities in your Statement of Financial Position, simply pull an Excel report or download G/L transaction files ready for upload to other systems.

Accounting for lease liability

You'll never worry about complex calculations again. SOFT4Lessee determines lease liability as the present value of all payments and end-of-term amounts, including purchase or termination options. When circumstances change, your figures adjust automatically, providing both initial measurements at commencement and subsequent calculations at the end of each reporting period.

Managing lease modifications

The system allows lease modifications after the commencement date, automatically calculating their impact on both lease liability and right-of-use assets. It then generates precise G/L postings to accurately reflect all modification details in your financial records.

Assessment of the lease term

Determine lease term by a number of circumstances – whether you are reasonably certain to execute the purchase option, or extension option, or terminate the lease before the end of the term. Asset re-measurement allows you to have more accurate records on the balance sheet and may allow a deductible loss to be taken.

Lease information import / export

Bringing your lease data into SOFT4Lessee couldn't be simpler. Upload your lease agreements, asset information, and payment schedules in a few clicks. Need to make changes? No problem! When your lessor sends a revised payment schedule, just upload the data and we'll handle the modifications.

Agreement data management

Managing mountains of lease agreements shouldn't feel like climbing one. SOFT4Lessee stores all lease agreements in one database, neatly organized by status: new agreements under consideration, active leases, and archived ones (expired or terminated early). Your team gets instant access to all lease data exactly when they need it.

Presentation and disclosure reports

SOFT4Lessee makes your financial reporting painless with ready-made reports for ASC 842 (US GAAP) reporting. When you need to present right-of-use assets by category and separate lease liabilities in your Statement of Financial Position, simply pull an Excel report or download G/L transaction files ready for upload to other systems.

Accounting for lease liability

You'll never worry about complex calculations again. SOFT4Lessee determines lease liability as the present value of all payments and end-of-term amounts, including purchase or termination options. When circumstances change, your figures adjust automatically, providing both initial measurements at commencement and subsequent calculations at the end of each reporting period.

Managing lease modifications

The system allows lease modifications after the commencement date, automatically calculating their impact on both lease liability and right-of-use assets. It then generates precise G/L postings to accurately reflect all modification details in your financial records.

Assessment of the lease term

Determine lease term by a number of circumstances – whether you are reasonably certain to execute the purchase option, or extension option, or terminate the lease before the end of the term. Asset re-measurement allows you to have more accurate records on the balance sheet and may allow a deductible loss to be taken.

What if hours would
turn into seconds?

Imagine: no last-minute scrambling for compliance. No manual calculations eating up your time. No errors haunting your financial reports.

Keep your leases organized

Say goodbye to crashing Excel sheets - view all lease data in one modern system.

Try now

Generate audit-ready reports

Pull lease liability and RoU reports in a few clicks having full visibility, accuracy, and stress-free audits.

Try now

Eliminate manual work

Doing calculations by hand is so yesterday. Automate to have more time for valuable insights.

Try now

Free consultation

Live demo

What if hours would
turn into seconds?

Imagine: no last-minute scrambling for compliance. No manual calculations eating up your time. No errors haunting your financial reports.

Keep your leases organized

Say goodbye to crashing Excel sheets - view all lease data in one modern system.

Try now

Generate audit-ready reports

Pull lease liability and RoU reports in a few clicks having full visibility, accuracy, and stress-free audits.

Try now

Eliminate manual work

Doing calculations by hand is so yesterday. Automate to have more time for valuable insights.

Try now

Free consultation

Live demo

Join our time-valuing customers

Join our time-valuing customers

Frequently asked questions

Can you integrate SOFT4Lessee with any ERP system?

Does SOFT4Lessee handle both lessee and lessor aspects of the lease accounting standard?

How long does it take to get started with SOFT4Lessee?

Will I be able to upload lease information from Excel for the initial transition?

Does the solution handle multi-currencies?

Still have questions? Just ask our team

Frequently asked questions

Can you integrate SOFT4Lessee with any ERP system?

Does SOFT4Lessee handle both lessee and lessor aspects of the lease accounting standard?

How long does it take to get started with SOFT4Lessee?

Will I be able to upload lease information from Excel for the initial transition?

Does the solution handle multi-currencies?

Still have questions? Just ask our team

Automate your ASC 842 lease accounting

We create a world with more founders and do work that will have an impact on the world today, tomorrow, and beyond

Free consultation

ASC 842 lease accoounting | SOFT4Lessee

SOFT4Lessee handles complex calculations, organizes your agreement data, and creates the required reports turning manual work into easy, automated compliance.

Lease information import / export

Bringing your lease data into SOFT4Lessee couldn't be simpler. Upload your lease agreements, asset information, and payment schedules in a few clicks. Need to make changes? No problem! When your lessor sends a revised payment schedule, just upload the data and we'll handle the modifications.

Agreement data management

Managing mountains of lease agreements shouldn't feel like climbing one. SOFT4Lessee stores all lease agreements in one database, neatly organized by status: new agreements under consideration, active leases, and archived ones (expired or terminated early). Your team gets instant access to all lease data exactly when they need it.

Presentation and disclosure reports

SOFT4Lessee makes your financial reporting painless with ready-made reports for ASC 842 (US GAAP) reporting. When you need to present right-of-use assets by category and separate lease liabilities in your Statement of Financial Position, simply pull an Excel report or download G/L transaction files ready for upload to other systems.

Accounting for lease liability

You'll never worry about complex calculations again. SOFT4Lessee determines lease liability as the present value of all payments and end-of-term amounts, including purchase or termination options. When circumstances change, your figures adjust automatically, providing both initial measurements at commencement and subsequent calculations at the end of each reporting period.

Managing lease modifications

The system allows lease modifications after the commencement date, automatically calculating their impact on both lease liability and right-of-use assets. It then generates precise G/L postings to accurately reflect all modification details in your financial records.

Assessment of the lease term

Determine lease term by a number of circumstances – whether you are reasonably certain to execute the purchase option, or extension option, or terminate the lease before the end of the term. Asset re-measurement allows you to have more accurate records on the balance sheet and may allow a deductible loss to be taken.

What if hours would turn into seconds?

Imagine: no last-minute scrambling for compliance. No manual calculations eating up your time. No errors haunting your financial reports.

Keep your leases organized

Say goodbye to crashing Excel sheets - view all lease data in one modern system.

Try now

Generate audit-ready reports

Pull lease liability and RoU reports in a few clicks having full visibility, accuracy, and stress-free audits.

Try now

Eliminate manual work

Doing calculations by hand is so yesterday. Automate to have more time for valuable insights.

Try now

Free consultation

Live demo

Join our time-valuing customers

Frequently asked questions

Can you integrate SOFT4Lessee with any ERP system?

Does SOFT4Lessee handle both lessee and lessor aspects of the lease accounting standard?

How long does it take to get started with SOFT4Lessee?

Will I be able to upload lease information from Excel for the initial transition?

Does the solution handle multi-currencies?

Still have questions? Just ask our team

Ready?

Simplify your lease compliance

Free consultation

Live demo

Ready?

Simplify your lease compliance

Free consultation

Live demo

Ready?

Simplify your lease compliance

Free consultation

Live demo

info@soft4lessee.com

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