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Easily manage your lease contracts in compliance with IFRS 16, FRS 102, ASC 842, and HGB. Automate your calculations with Envoria’s Big4 certified lease accounting software module.
Envoria's Lease Accounting software module supports both lessees and lessors, helping businesses to comply with IFRS 16, FRS 102, ASC 842, and HGB by streamlining contract management and financial reporting.
Envoria’s Lease Accounting module helps lessees manage lease agreements under IFRS 16, FRS 102, ASC 842, and HGB compliance. Capture and account for lease liabilities and right-of-use assets, ensuring all postings are accurately reflected through automated lease accounting processes for efficient compliance.
Optimize your lease agreements as a lessor under IFRS 16, FRS 102, ASC 842, and HGB standards. Use Envoria’s lease asset management features to manage assets and capture rental income accurately. Structured posting processes ensure a transparent and compliant representation of your leasing activities.
Envoria supports a wide range of lease-related contract types, including Lessee, Lessor, Sublease, and Sale and Leaseback. Whether you are managing leases as a lessee or lessor, handling sublease arrangements, or navigating sale and leaseback transactions, Envoria’s software ensures accurate and compliant lease accounting.
Envoria’s lease management software goes beyond standard lease accounting by managing additional agreements, including purchase options, extension and termination options, residual value guarantees, and decommissioning obligations, while accurately tracking and accounting for variable lease payments.
Envoria enables effortless management of lease contract modifications, with each version securely saved for audit purposes. Whether you are implementing prospective contract modifications or correcting retrospective errors, the software offers you seamless navigation between versions, ensuring precise accounting adjustments.
While lessees must ensure the accurate recognition of assets and liabilities, lessors need to focus on the efficient management of their receivables and the structuring of lease agreements. Envoria's IFRS 16 software module addresses both use cases.
IFRS 16 requires strict lease classification, balance sheet recognition, and note disclosures. Manual tools like Excel often fall short in ensuring long-term compliance. Envoria’s IFRS 16 lease accounting software automates contract management, classification, booking, and reporting – supporting all lease types.
Managing leases under FRS 102 requires accurate classification, consistent expense recognition, and audit-ready documentation, especially for UK and Irish businesses. Envoria’s FRS 102 lease accounting software automates calculations, distinguishes lease types, and centralizes contract data.
ASC 842 requires nearly all leases to be recorded on the balance sheet. Manual tracking is often inefficient and error-prone. Envoria’s ASC 842 lease accounting software automates classification, ROU asset calculation, and disclosure reporting, ensuring accuracy and audit readiness for lessees and lessors.
Lease accounting under HGB requires clear lease classification and detailed documentation, especially for audits and year-end reporting. Envoria’s HGB lease accounting software streamlines classification, calculation, and reporting, supports HGB-specific tax rules, and integrates with existing systems.
Designed to reduce reporting complexity and increase efficiency.
Seamlessly integrate Envoria’s lease accounting solution into your existing system landscape with full API capability (Web/REST) and tool-specific interfaces.
Use manual data entry, semi-automated (Excel upload) or fully automated processes to accommodate diverse workflows and data availability scenarios.
Use preconfigured reporting templates or integrate your own KPIs and dashboards to monitor your and compare financial data over time.
The IFRS 16 module is Big4 and ISAE 3402 certified, ensuring that the software meets the highest security, data management, and audit standards.
Yes, the Envoria lease accounting software supports parallel accounting under IFRS 16, ASC 842, FRS 102, and HGB. This multi-GAAP functionality is a key advantage for internationally operating companies and corporate groups with diverse accounting requirements.The software allows users to define specific valuation approaches, discounting methods, lease classifications, and calculation logics for each accounting standard. For example, a lease contract can be capitalized under IFRS 16 while simultaneously being treated as an operating lease under HGB or accounted for in accordance with local requirements under FRS 102.Envoria enables precise representation of differing approaches to right-of-use asset valuation, lease liability calculation, discount rate application, and reporting periods, both at the individual contract level and at the consolidated group level. This ensures maximum transparency, high data consistency, and significantly reduces manual effort in the preparation of both standalone and consolidated financial statements.
Envoria's lease accounting software offers a wide range of options for automating and streamlining the import of contract data. In addition to Excel uploads using structured import templates, data can also be imported via direct database connections, modern API interfaces, or from existing contract management systems. The interfaces are compatible with leading ERP systems such as SAP, Oracle, Datev, and many others.A key highlight is the integrated validation and verification module: all incoming data is automatically checked for plausibility and completeness. Inconsistencies such as implausible lease terms, missing discount rates, empty mandatory fields, or conflicting contract information are reliably identified and flagged as validation warnings or error messages.This ensures that only accurate and audit-compliant data is used for calculations and reporting. The automated quality assurance significantly reduces the need for manual corrections, particularly during year-end closing preparations, and greatly simplifies collaboration with auditors.
Envoria lease accounting provides a highly flexible and detailed framework for mapping a wide range of lease types and special cases. In addition to standard lease agreements, the system supports variable lease payments, rent escalations, subleases, multiple components per contract, and special clauses – all within the software, without the need for external Excel-based workarounds.Even complex scenarios such as sale-and-leaseback transactions, intercompany lease arrangements, and the separation of lease and service components are comprehensively supported. Contract modifications, changes in lease terms, exercise of options, extension and termination rights, and asset restoration obligations can be captured and processed with full flexibility.The software performs rule-based reassessments and remeasurements in compliance with the respective accounting standards. All resulting impacts on the right-of-use asset and lease liability are calculated in full accordance with IFRS 16, ASC 842, FRS 102, and HGB and are transparently documented.This ensures a fully auditable, traceable, and professional representation of even the most complex leasing scenarios – from initial recognition to contract modifications and reporting.
The Envoria lease accounting software offers powerful and flexible reporting capabilities that meet both regulatory and internal reporting requirements. In addition to the automated generation of standard reports for IFRS 16, ASC 842, FRS 102, and HGB, customized reports can be configured for management, controlling, treasury, or consolidated group reporting.The system supports multi-entity reporting, allowing for the management of different reporting units, such as legal entities, countries, business units, or segments. These can be analyzed individually and then consolidated into comprehensive reports.For maximum efficiency, all reports can be exported in formats such as Excel, PDF, or CSV, and can be scheduled for automated, periodic generation and distribution. Additionally, interactive dashboard views with configurable filters and analysis options enable real-time monitoring and evaluation of lease portfolios.
Yes, Envoria’s lease accounting software features a comprehensive, tamper-proof audit trail.All changes to contract data, calculation parameters, and journal entries are tracked across the entire lease lifecycle. Each modification is version-controlled, fully traceable, and compliant with IDW PS 880 and international auditing standards.
The lease accounting software automatically generates all required journal entries for financial accounting, including monthly expense postings, depreciation, interest components, and subsequent entries related to reassessments, remeasurements, or contract modifications.These journal entries can be transferred to ERP systems such as SAP, Oracle, Datev, or other financial platforms via standardized or custom-configurable interfaces. This minimizes manual effort, ensures data consistency, and guarantees full compliance with relevant accounting requirements.