Due to new accounting standards, millions of dollars are expected to hit the statement of net assets across government entities. Accounting departments will face new complexities as they struggle to ensure all the necessary details are synchronized. PowerPlan's Lease Accounting Solution ensures you're fully compliant with the new GASB lease accounting standard. It's compatible with multiple accounting treatments, including GAAP, FERC and IFRS. Additionally, it supports bookkeeping, future expense forecasting, investment management, workflow approvals and reporting.
PowerPlan's Lease Accounting Solution enables you to account for all capital and operating leases, including machinery, fleet, real estate, purchase power agreements and IT equipment. PowerPlan lets your company build a consistent lease management policy with full transparency into lease agreements and recurring payment obligations, making your transition a non-event.
PowerPlan's Lease Accounting Solution provides complete accounting lifecycle and invoicing for all lease and lessor agreements. It not only serves as a repository for all lease agreements, but contains enhanced modeling capabilities to generate leases with the most beneficial terms and conditions. The module handles the full range of lease calculations, from simplistic to the most complex, including variable rate and dynamic lease calculations.
A single integrated lease accounting solution that provides full transparency into lease agreements and recurring payment obligations while automated processes integrate invoice creation with billing departments. Thus, enabling better traceability and recognition of receivables. Complete Integration between lessee and lessor solutions simplifies inter-company leasing and subleasing activities. Lease Accounting functions as a standalone system, or can be integrated with PowerPlan's industry leading capital asset solutions.
