The role of residual value in lease agreements – What you need to know
The purchase option plays a central role in many lease agreements, impacting both monthly costs and accounting. But how does a purchase option work...
IFRS 16
Ending a lease early – how does it work?
Leasing agreements are usually binding, often lasting two to five years. But what if you need to terminate a lease early? How should this be...
Your Key to Navigating the Growing World of Lease Accounting
Explore Leasify's unique solutions for the booming lease accounting market, adapting to the latest GAAP & IFRS standards. Stay compliant and ahead.
Are you affected by the International Financial Reporting Standard 16?
IFRS 16, introduced in 2019, is an international accounting standard that has significantly impacted companies' balance sheets. It is now mandatory...
Managing IFRS 16 Leasing Agreements to Avoid Negative Consequences
For financial executives, it is important to have a comprehensive overview of all leasing agreements that impact the company's finances, and to...
The challenges of compliance regarding IFRS 16 accounting
IFRS 16 is an accounting standard that affects how companies report leasing agreements in their financial reporting. Implementation of IFRS 16 can...
Why switch from Excel to a system for managing IFRS 16?
Using a self-built Excel solution to manage and report leasing agreements in accordance with IFRS 16 can pose certain difficulties. Here are some of...
The cost of not keeping track of your lease agreements can be significant
A company that manages tens, hundreds, or perhaps thousands of lease agreements in a spreadsheet often has difficulty keeping track of the status of...
Would you like to know more?
Are you interested in knowing how we can improve your current accounting process? Feel free to reach out – we're here to help.
