Lease Accounting Software

What is Lease Accounting Software?

Lease Accounting Software is a lease accounting software from RAM, provides better visibility of lease exposure and improves lease management while assisting in compliance with new FASB and IASB regulations. The software allows you to report leases on the balance sheet – a key requirement of ASC 842 and IFRS 16.

Lease Accounting Software, a RAM rental accounting software, will help you:

Keep a complete audit history of all rentals and payments and related events

Simplify the task of gathering year-end and month-end reports

Generate a payment schedule automatically

Inform the incentive and the deposit/advance payments and determine the correct fair value

Access short- and long-term bond statements with the click of a button

Enter the interest rates and calculate the present value and net present value for the arrangements

Manage variable payment terms, for example, based on fluctuating factors

Reschedule lease payments based on indexes, for example, Consumer Price Index

Recursos de Lease Accounting Software

Full lease details, including lease codes, accrual dates, descriptions, and related asset codes, can be added, viewed, or maintained quickly and easily.

User-defined payment plans can support all types of lease agreements.

Leases can be rescheduled simply to extend or reduce the duration of the lease or change payment terms.

Operating and financial leases can be set up for monthly, quarterly, semi-annual or annual payment/revenue.

Integrated with the history of assets, depreciation, amortization and registration of fixed assets.

Enforce control

Use in-depth lease accounting to understand corporate exposure and assist compliance with ASC 842 and IFRS 16 regulations.

Use business activity monitoring to issue automatic email notifications and report alerts for important events, including rental breach clauses, expiration dates, or automatic renewals.

Set up lease payment plans to specify individual payment types and flag early or late payment.

Manage the payment schedules associated with all operating and financial leases, breaking down the interest and principal elements of the repayment.

Reporting and forecasting with Lease Accounting Software

Comprehensive reports provide detailed analysis of all reimbursement and interest expenses, both historical and future.

Set of standard reports, including analysis of obligations, analysis of commitments and financial leasing schedules.

Create user-definable reports for any range of past, current, and future accounting periods, and include locations, type, vendor, and department.

Restrict reports to display only records with accumulation dates within specified time periods.

Ability to sort, sequence, and filter reports by any usage-defined field.

Create the year-end statutory return as standard with year-end reports, dividing outstanding obligations by payments due next year, years 2-5, and year 5+.

System Requirements:

CPU: 1.8 GHz dual core processor

RAM: 2 GB

HDD/SSD: 50 GB of free space on main drive

Operating system: Microsoft Windows 10, Microsoft Windows 8 32-bit, Microsoft Windows 7 32-bit, and Microsoft Windows Vista 32-bit

Resolution: 1024×768

Supported Operating Systems

Mac OS X 10.5x (Leopard), Mac OS X 10.6 (Snow Leopard), Mac OS X 10.7 (Lion), Mac OS X 10.7 (Mountain Lion), OS X 10.9 (Mavericks), and Mac OS X 10.10 (Yosemite)

Hardware requirements

Memory - 1 GB RAM and more

Free disk space - 50 MB

System type - 32-bit and 64-bit OS