After the new accounting IFRS 16 came into effect bringing big changes to the balance sheet, many companies, having large portfolios of operating leases were influenced by this change.
Meeting the requirements and staying compliant with the standard is not easy. It requires time, careful planning and execution, but it is possible to meet the requirements of IFRS 16 lease accounting standard without any headaches. Of course, it will take the right lease accounting software and a help in place. When seeking to meet IFRS 16 software helps in lots of different ways: it lets you to manage your multiple lease agreements with a large volume of data efficiently and easily, comes with a great set of tools, which helps in everyday work, provides necessary integrations for a smooth and quick execution of technical, routine tasks, and creates ready reports which you need for your financial reporting.