Standalone IFRS 16 Lease Accounting tool from LucaNet [video]Sarah Whitworth
IFRS 16: Accounting for leases – Simply and reliably with professional software
The IFRS 16 regulations present multiple challenges for companies. Companies with numerous leases are particularly struggling to collect and assess all their contracts. The permanent monitoring of contracts, which is implicitly required by IFRS 16, is an additional burden for accountants. The transition from IAS 17 to IFRS 16 is exacerbated by the complex rules of the standard. Thus, there are many factors impeding the goal to become IFRS 16 compliant.
Whilst IFRS 16 is already in force, public sector organisations have been granted an extended deadline and have until April 2020 to comply with IFRS 16.
Watch this demo showcasing the capabilities of the IFRS 16 Lease Accounting Software from LucaNet which is available as a standalone solution. LucaNet is used by over 2,000 companies globally and provides small and medium sized businesses with accurate consolidated financial statements, plans, reports & analyses on a single platform. LucaNet has been named a leader in Financial Performance Management 3 years in a row by BARC.
Contact us to arrange a discovery call with our specialists. From our recent experiences implementing IFRS 16 software with major brands, we can talk you through the different solutions which will best fit your requirements depending on the volume and complexity of your leases.