Standardise Lease account treatment and IFRS16 compliance
The core aspect of any business is to maximize profit and minimize the cost of expenses. The core aspect of the business is to minimize your CAPEX and increase your cash flow. In this way, most of the companies are thinking to lease fixed assets than purchasing them. It will be a tedious task to maintain the financial transactions of the leased assets.
G FA-Leasing is an add-on module to handle the lease account management and is tightly integrated with Microsoft Dynamics 365 Finance and Operation ERP system. The primary aim of G-FA Leasing is more to do with the treatment of leased assets and IFRS 16 compliance. The solutions help you to calculate the lease amount based on the lease agreements. It provides the monthly schedule and net present value to make an informed decision. The solution offers to lease classification, lease liability amortization, and accrued lease payment. The solution is capable of creating dimensions for depreciation and helps you to post journal entries based on the assessment schedules. The solution can give multiple reports to support your decisions.
The core aspect of any business is to maximize profit and minimize the cost of expenses. The core aspect of the business is to minimize your CAPEX and increase your cash flow. In this way, most of the companies are thinking to lease fixed assets than purchasing them. It will be a tedious task to maintain the financial transactions of the leased assets.
G FA-Leasing is an add-on module to handle the lease account management and is tightly integrated with Microsoft Dynamics 365 Finance and Operation ERP system. The primary aim of G-FA Leasing is more to do with the treatment of leased assets and IFRS 16 compliance. The solutions help you to calculate the lease amount based on the lease agreements. It provides the monthly schedule and net present value to make an informed decision. The solution offers to lease classification, lease liability amortization, and accrued lease payment. The solution is capable of creating dimensions for depreciation and helps you to post journal entries based on the assessment schedules. The solution can give multiple reports to support your decisions.
What are the benefits?
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The true financial status of the leased asset can be viewed
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Ensure accuracy with thorough calculations
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Centralized Database of all the leased assets
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Streamline leased asset audit and its accounting treatment
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Produce real-time leased asset information report
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Streamline workflow
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Help the company to comply with IFRS16
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Set reminder of upcoming payment date, lease renewal date, etc.
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Increase efficiency through automation
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Can access anywhere and everywhere
Want to know more about G FA-Leasing?
Why G FA-Leasing?
- Create an auto calculate leasing schedules based on the NPV, Invoicing terms, Currency, Annual Rate
- Calculate assessments schedule for interest, lease liability, installment amounts, starring, and ending balance
- Utilize Fixed Assets module to calculate and post Right to Use depreciation
- Automatic generation and Posting of journal entries based on assessments schedule
- Posting using actual posting dates or assessment dates based on parameters
- Enable lease modification and calculation
- Workflow enabled using standard workflow engine of Microsoft Dynamics 365
- Enable Financial Dimensions to be used with the Fixed Assets Leasing.
- Reports to compare the Depreciation and Leasing.
- Various Inquiries and Reports
- Enabled excel import/export using Microsoft Dynamics 365 data entities