Maintain accurate
Right-of-Use asset records
SOFT4Lessee simplifies the accounting for Right-of-Use assets. From initial measurement to ongoing depreciation, revaluations, and impairments, the system ensures all calculations are consistent with lease liabilities.
Recognition of the RoU asset
Right-of-Use assets are depreciated over the lease term or over the useful life of the underlying asset, whichever is shorter. If the lessee obtains title to the asset at the end of the lease term, or the lessee is reasonably certain to exercise the purchase option, the asset is depreciated over the useful life of the asset (SOFT4Lessee has pre-configured useful life parameters per asset category).
Calculating the initial measurement
SOFT4Lessee calculates the initial measurement of right-of-use assets, which consists of: lease liability, prepaid lease payments, initial direct costs, and estimated restoration costs. Subsequent measurement includes depreciation, lease liability changes, and impairment provisions. The system automatically handles asset re-measurement when lease modifications occur, maintaining a direct link between lease agreements and right-of-use asset values.
We support your chosen
lease accounting standard
Focus on financial planning instead of compliance complexities - we're here for that.
Have questions?
We support your chosen
lease accounting standard
Focus on financial planning instead of compliance complexities - we're here for that.
Have questions?
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
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
Maintain accurate
Right-of-Use asset records
SOFT4Lessee simplifies the accounting for Right-of-Use assets. From initial measurement to ongoing depreciation, revaluations, and impairments, the system ensures all calculations are consistent with lease liabilities.
Recognition of the RoU asset
Right-of-Use assets are depreciated over the lease term or over the useful life of the underlying asset, whichever is shorter. If the lessee obtains title to the asset at the end of the lease term, or the lessee is reasonably certain to exercise the purchase option, the asset is depreciated over the useful life of the asset (SOFT4Lessee has pre-configured useful life parameters per asset category).
Calculating the initial measurement
SOFT4Lessee calculates the initial measurement of right-of-use assets, which consists of: lease liability, prepaid lease payments, initial direct costs, and estimated restoration costs. Subsequent measurement includes depreciation, lease liability changes, and impairment provisions. The system automatically handles asset re-measurement when lease modifications occur, maintaining a direct link between lease agreements and right-of-use asset values.
We support your chosen lease accounting standard
Focus on financial planning instead of compliance complexities - we're here for that.
Have questions?
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I definitely would recommend SOFT4Lessee, as it’s a bug-free solution that addresses the accounting regulations and implementation team members are not just techy but understand what’s required from a regulation point of view within the disclosures and accounting entries.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I definitely would recommend SOFT4Lessee, as it’s a bug-free solution that addresses the accounting regulations and implementation team members are not just techy but understand what’s required from a regulation point of view within the disclosures and accounting entries.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I definitely would recommend SOFT4Lessee, as it’s a bug-free solution that addresses the accounting regulations and implementation team members are not just techy but understand what’s required from a regulation point of view within the disclosures and accounting entries.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I definitely would recommend SOFT4Lessee, as it’s a bug-free solution that addresses the accounting regulations and implementation team members are not just techy but understand what’s required from a regulation point of view within the disclosures and accounting entries.
Craig Gallacher, Head of transactional finance and systems for ENVA
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
Simplify your lease compliance
Simplify your lease compliance
Simplify your lease compliance