Blog

SOFT4Lessee team wants to share one of our client’s success story, whose company name can’t be disclosed due to company policy. The person involved in the whole process of software implementation and in the further use of the software by their employees, who work on IFRS 16, shares their thoughts about choosing and using SOFT4Lessee.Read more

ENVA is a leading provider of recycling and resource recovery solutions, with locations across the United Kingdom and Ireland. With sustainability at the forefront of ENVA’s proposition, they recover a broad range of waste materials for re-use in manufacturing and energy conversion. The company is committed to recycling and resource recovery; it forms the basisRead more

d&b audiotechnik is a German manufacturer of loudspeakers and amplifiers. Their systems are considered the global standard in performance. The company incorporates holistic thinking by seamlessly combining workflow, support, education, and design to help customers achieve their vision. d&b audiotechnik has chosen the SOFT4Lessee system for managing leases under the IFRS 16 standard. Adria Wright,Read more

Transitions are never easy, especially when they concern financial compliance, like in the case of ASC 842. However, we’ve decided to create a comprehensive, whole-engulfing guide to help businesses navigate the intricate creaks and crevices of this process. Concerning private companies and all nonpublic enterprises, ASC 842 lease accounting is set to make the wholeRead more

Transitions and changes always bring with them questions and uncertainties. As private companies transition to ASC 842 lease accounting, there are a lot of those questions and uncertainties that come along. But, since there already are people and professionals who have overseen or been around successful implementation of the new accounting standard, it’s beneficial toRead more

Whenever a new regulation, rule and/or law comes into effect, businesses have to make amendments and changes to the way they do certain things. With regards to leasing accounting, the name of the game is now IFRS 16. It’s the latest in lease accounting standardization and is the most recent and up-to-date set of rules,Read more

More often than not, businesses are looking for ways to optimize processes, reduce time spending, increase productivity and in doing so – bring profits way up. However, for a lot of managers, there’s always a risk to reward ratio to weigh and based on that, they make decisions on how to spend company money and/orRead more

Pretty much everyone has labelled the ASC842 as an accounting standard that’s difficult to grasp and get on terms with. All organizations face or have faced their fair share of challenges. To be frank, it’s not the easiest set of rules to get your head around, and once you and your staff do, it’s theRead more

Compliant books are very important. If your accountants aren’t able to take care of matters in a way to keep accounting compliant, your company can go into hot water. But, as with every area, accounting standards like the AASB 16 does create a heap of challenges. The all-new accounting standard, introduced in 2019, has eliminatedRead more

Transition to ASC 842 is inevitable. The only way businesses can do is to prepare for the transition and do it, if they haven’t already. Lease-related data gathering and processing are difficult, to begin with. So, it’s safe to say that new regulations won’t gain much praise from people who will be facing it onRead more