Lease Accounting as a Service
Lease Accounting as a Service (LAaas) is the solution that will allow your company
to be compliant with IFRS 16 and ASC 842 in the fastest and easiest way.
How it works
1. Contract Handover
Hand over your contracts to IRFS 16 experts via JIRA webpage. Inform us about any changes or new contracts.
Qiado experts will interpret the contract and enter the terms and conditions in our lease accounting engine thus generating the amortization schedule.
3. Get results
You’ll receive the amortization schedules, transactions and disclosure reports of your Lease Portfolio via Power BI and Excel Worksheets.
4. Import in your ERP
You will also receive the journal ledgers and will import the transactions on your ERP. Integration possible with General Ledger, Asset Accounting and Controlling.
Easiest way to start is to try for Free!
We offer a 5 contracts Proof of concept.
Schedule a Demo with us, provide five contracts as example and we will give you the Accounting Results.
We offer full support to create rules and process to integrate into your ERP with our journal entries. The support for the integration process helps the creation of files that are easy to import and to reconcile between the reports of our services and your ERP.
Custom Ad-hoc Reports
We do the development of custom ad-hoc reports specific for your needs. Our reports are flexible to support the requirements not only of your disclosure reports, but the complete administration of your lease portfolio as well.
We can give you a complete workshop training where you will learn the accounting standards IFRS 16 and/or ASC 842 (US GAAP). This will be a great support for your accountants and lease administrator in order to fully understand the impact of the new standards.
Get our support to better understand the definition of process and rules in your ERP for the reconciliation process for the lease expenses (invoices) and, if needed, your local GAAP. The reconciliation process is one of the biggest challenges of the new standards.