Enterprise Lease Accounting Application
Comply with ASC 842 and IFRS 16
Multi-GAAP Reporting For All Types Of Lease Assets
The dodaso platform supports New and Legacy Standards For US GAAP and IFRS
US GAAP
Comply with New and Legacy Lease Standards
International
Comply with New and Legacy Lease Standards
Intuitive Lease Accounting Software
Our system performs asset-level calculations for all lease classification. Asset-level journal entries are created for real estate and equipment leases and recorded in a single lease sub-ledger within our enterprise lease accounting system. All debits and credits can be batched and easily uploaded into your ERP system (Oracle, SAP, or others) for consolidation and financial close. We support both the new (ASC 842 and IFRS 16) and legacy (ASC 840 and IAS17) reporting and disclosure requirements.
Equipment Leases
Supports all equipment: Office, IT, Medical, Material handling, fleets, rail cars, containers, and even aircraft.
- Fair Market Value, TRAC and Dollar Buyout Lease
- Fixed, Step Up, and Step Down Lease
- Variable Rent Based On Usage
- Auto-notification for end-of-term decisions
- Track Renewals, Buyouts, and Returns
- Integration with Asset Management Software
Real Estate Leases
Our software supports office buildings, plants, retail stores, hospitals, data centers, and distribution centers.
- Gross and All Net Lease Types
- Fixed, Step-Up and Step-Down Rent
- Variable Rent Based on Market Index, & Performance
- Lease and Non-lease components
- Track Common Area Maintenance (CAM) Charges
- Integration with Facility Management Software
Day One Transition
Comply with ASC 842 and IFRS 16
- Automatic Lease Classification – Classify leased assets under New and Legacy standards
- Asset-Level Accounting – Create debits and credits for each asset under a lease
- US GAAP and IFRS – Run parallel sub-ledgers for multi-GAAP reporting under new and legacy standards
- Reporting & Disclosure – One-click reporting for SEC 10-Q and 10-K filings and disclosures
- ERP System Upload – Integrate with your GL, AP, FA and Asset management systems
Day Two and After
Ongoing Record-to-Report Compliance
- Lease Term Management – Mid-term events and end-of-term renewals, buyouts, terminations
- Reassessments – Track events that trigger modifications and reassessments
- Remeasurements – Make adjustments or accounting for modifications as separate contracts
- Separation of Duties (SOD) – Strictly Enforce Policies and Controls
- SOX Audits – Comprehensive audit trails detailing all activities & communications throughout the entire lifecycle of lease assets
- Reporting and Disclosures – Balance sheet reporting lines and disclosure payment schedules, amortization and maturity analysis
- Financial Reporting Dashboard – On-demand financial reporting and analysis with executive KPIs
Automation For Lease Management and Record-To-Report (R2R) Process
LeaseEnterprise has built-in tools to help you collect, transform and deliver timely and accurate lease information to all stakeholders. It automates routine and time-consuming activities so that you can deliver better information faster, ensuring your company doesn’t miss any regulatory requirements or deadlines.
Our solution can perform accounting for all equipment lease categories, such as IT equipment, material handling, and others, and all type of real estate assets, such as building and land leases. You can configure the system to automate policy elections and set up workflows and controls to support your R2R process and facilitate SOX compliance.
A Global Lease Solution For Global Lease Accounting Impact Requires
dodaso’s LeaseEnterprise and LeaseAgility are designed from the ground up by experienced lessees and accountants to help organizations streamline lease accounting operations and accelerate compliance with the new lease standards by automating, centralizing and simplifying lease accounting operations.
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Reach Us
646 Plank Rd, Suite 202, Clifton Park, NY 12065
866-688-6828
contact@dodaso.com