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Keep leases on the books, and under control.

Record each lease with its lessor, class, start date and term, and see the lease liability and right-of-use asset next to it. The register is designed to support IFRS 16 and Ind AS 116 reporting.

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  • Right-of-use assets
  • Lease liabilities
  • IFRS 16 and Ind AS 116
Features

What you can do with Lease Register.

Record leases with right-of-use assets and lease liabilities, supporting IFRS 16 and Ind AS 116.

01

Lease register

See every lease with its reference, lessor, class, start date, term and status.

02

Right-of-use assets

Show the right-of-use asset for each lease.

03

Lease liabilities

Show the liability for each lease next to its asset.

04

Lease classes

Classify each lease, such as a finance lease.

05

GL account mapping

Map right-of-use, lease liability and lease interest accounts in GL settings.

06

Custom fields

Add the extra attributes your leases need.

Why it matters

Leases belong next to the assets you own.

Keep leased and owned assets in the same system, so your teams have a complete picture of what the business uses.

  • One register for every lease
  • Liability and ROU on the same row
  • Dedicated GL accounts for lease postings
  • Term tracking in months
How it works

Lease Register, step by step.

  1. 1

    Add

    Create the lease with its lessor and term.

  2. 2

    Recognise

    Record the liability and right-of-use asset.

  3. 3

    Monitor

    See all your active leases in one place.

  4. 4

    Report

    Use the register for your lease reporting.

FAQ

Lease Register questions, answered.

Which standards does this support?

The lease register is designed around IFRS 16 and Ind AS 116. Your auditors remain responsible for reviewing your accounting.

What do we record for each lease?

The reference, lessor, class, start date and term, along with the lease liability and right-of-use asset.

Can we add our own lease fields?

Yes. Custom fields can be added to leases as well as assets and insurance policies.

More in Assets

Explore other Assets modules.

Acquisitions, depreciation, maintenance, movements and disposals all work from the same asset record.

Asset RegisterOne searchable record of every fixed asset, with status, value, location and documents. AcquisitionAdd assets from purchase orders, goods receipts, vendor invoices, CSV files or opening balances. DepreciationParallel books, SLM, WDV and more, statutory rate-packs, simulation and GL posting. Insurance & WarrantiesPolicies, warranties, claims and certificates, with coverage totals and expiry alerts. Grants & FundingFunding envelopes, allocations to assets, utilization and deferred income under IAS 20. Software LicensesTrack software seats, costs and expiry dates, assigned to devices or people. Transfers & CustodyMove assets between locations, departments and custodians, with approvals and history. Revaluation & ImpairmentRevalue assets, recognise and reverse impairment, and manage retirement obligations. MaintenancePreventive plans, work orders, service contracts, spare parts, repairs and cost tracking. Meters, Downtime & CalibrationUsage meters, downtime episodes, MTBF and MTTR, and calibration certificates. DisposalSell, scrap, write off or partly dispose of assets, with gain and loss calculated. Physical VerificationQR tags, mobile scanning, physical counts and variance reports against the register. Location & Linear TrackingGPS fixes, geofence breach alerts, scan history, and chainage for pipelines and roads. Reports & AnalyticsDashboard, register, schedule, aging, GL reconciliation, deferred tax, query builder and BI exports. Approvals & ControlsMulti-step approvals, change history, period lock, currencies, custom fields and webhooks.

See Lease Register in action.

Book a free Assets demo and we will walk you through lease register using scenarios from your business.

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