Complete Lifecycle Accounting for Capital and Operating Leases
A Complete Leased Asset Management Tool With Flexible Implementation Options For a Compliant and Certain Leasing Future.
PowerPlan’s Lessee Accounting Module provides complete lifecycle accounting for all capital and operating leases including equipment, real estate and purchase power agreements. This central repository serves as a foundation for reporting on lease inventories and building a consistent lease management policy. The module also includes robust functionality to support operating vs. capital lease determination, bookkeeping, investment management, payment workflow and processing, and reporting. This automation reduces costs and IT complexity while increasing visibility into a company’s lease inventory.
The Lease Module can function as a stand-alone system, or integrate with PowerPlan’s industry-leading Tax, Project & Asset Accounting Solutions. Automated GL and AP integration automates the entire lease accounting process from lease origination to lease disposition, which vastly improves controllership over current (decentralized) leasing practices. The system also comes delivered with easy-to-use lease inventory templates that streamline data gathering across multiple business units and format the data for automatic conversion and validation. This saves implementation time and increases data consistency.
Leasing is an effective approach for managing cash, time and risk, but many companies lack central controls and an efficient process for mechanizing their monthly accounting. PowerPlan’s Lessee Accounting Module offers greater transparency into recurring payment obligations, enabling better decision-making for budgeting, planning and investment management. Companies enjoy the operational benefits of an effective accounting tool while reducing audit risk with improved reporting, detailed logging and the elimination of manual and spreadsheet-based processes. In addition, PowerPlan offers customers peace of mind with a commitment to update the system to meet future lease accounting standards.
To learn how PowerPlan Lessee Accounting can help reduce compliance risk, improve cash flow and provide effective operational cost management, contact us at +1 770.859.0402 or at firstname.lastname@example.org.