Lease Management and Accounting
Our Lease accounting and management software is designed to streamline and simplify the lease management process for your organization. With our software, you can easily manage and track your leases, from lease creation to expiration, renewal, and termination. Our platform is built with the latest accounting standards in mind, ensuring compliance with IND AS 116, IFRS 16 and ASC 842.
Our software is intuitive and user-friendly, making it easy for your team to get up to speed quickly.
With features such as automated lease classification, amortization schedules, and robust reporting capabilities, you can stay on top of your lease portfolio and make informed business decisions.
Lease Management and Accounting
Our Lease accounting and management software is designed to streamline and simplify the lease management process for your organization. With our software, you can easily manage and track your leases, from lease creation to expiration, renewal, and termination. Our platform is built with the latest accounting standards in mind, ensuring compliance with IND AS 116, IFRS 16 and ASC 842.
Our software is intuitive and user-friendly, making it easy for your team to get up to speed quickly.
With features such as automated lease classification, amortization schedules, and robust reporting capabilities, you can stay on top of your lease portfolio and make informed business decisions.
Lease Management
Supertax Captures relevant terms, uploads all leased documents and facilitates approval process to ensure efficient management of all leased assets.
Journal Entries
SuperTax generates required journal entries for all types of lease transactions, in the format that can be customized by you. These entries can be directly interfaced into your ERP.
Multiple Deposits
SuperTax records multiple deposits paid over the period of lease, applies different discounting factor to each deposit value and calculation interest, rent and DTA.
Data Security
Your data is secured in a professionally managed secured environment. You can also opt to deploy the so ware on your servers.
Audit
The System completely support audit of lease transactions and also meets the requirement of the auditors.
Data interface
SuperTax captures entire data in just few clicks. Data can also be integrated seamlessly through API / SFTP.
Transition
SuperTax has inbuilt provision for transiti on and automatically calculates required values on the basis of the method adopted.
Disclosure
The necessary disclosures required to be made in the financial statements under applicable Accounting standard is provided directly from the system thereby saving your time and effort
Termination / Modification
SuperTax effectively handles Termination and Modification of lease transaction and provides consequent impact, analysis and journal entries.
Comprehensive Output
SuperTax applies discounting factor, determines lease liability and ROU, calculates interest, depreciation and DTA along with unwinding values, all in one single output.
Adjustment in values
SuperTax provides necessary adjustment in value of ROU and Lease Liabilities along with impact on Retained Earning.
Consolidation
Consolidated data is available across all leases for your comprehensive analysis.
Storage of data
Data is safely preserved in the system for years together and can be easily accessed by you any time required.