ASC842 and IFRS16 Compliance: Delivered

Advantage Leased Assets manages all leased asset types and provides complex calculations for right-of-use assets and lease liabilities.

Benefits for Corporations

Our SaaS solution provides accurate classification, accounting, and reporting for leased assets under the two new standards – IFRS 16 and ASC 842. Streamline your workflow with integration to and from multiple ERP/GL/AP, leasing systems, or other internal systems.

Benefits for CPAs

Confidently help your clients comply with ASC 842 and IFRS 16. Increase efficiencies with automated lease accounting processes and ensure accuracy with comprehensive calculations.

Key Product Features

Transition Accounting

Reduce the risk of accounting errors and financial discrepancies when migrating from ASC 840 to ASC 842 and from IAS 17 to IFRS 16.

Lease Classification

Streamline adoption and transition for operating and financial leases.

Accurate Calculations

Save time on daily calculations, right-of-use (ROU), amortization, lease liability, and interest expense.

Audit Trail

Track changes and maintain a complete history of every action to keep you on solid ground.

Full Reporting

Access payment data, amortization schedules, ASC 842 disclosures, financial data, and strategic insight to inform management.

Centralized Spreadsheet Management

Upload your existing spreadsheets, manage system permissions, trace your entire audit, and more.

See It for Yourself.