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A program to comply with AAS-17 and ASRB-1008 which is used by over 1,000 Firms of Accountants. Leasing Disclosure requirements are COMPULSORY under the Companies Code (ASRB-1008) for Reporting
Entities. Company Accounts must now incorporate a lease commitment note and must also CAPITALISE and depreciate the total value of Finance Leases. LEASEMAN has been developed to provide a quick and easy way
to comply with the Companies Code reporting requirements for leases. LEASEMAN produces all of the information required for the Balance Sheet Note outlining Lease Commitments and the journal entries for
capitalisation of leases. All of the lease information entered into LEASEMAN is stored permanently in an easily editable lease register and Leases can be recalled and reported on at any time. A detailed
schedule of lease payments can be produced and leases can be consolidated by lease classification for future years' calculations and journal entries. The Lease Movement Report provides a breakdown, for each lease and
in total, of all of the General Ledger Accounts for Leasing transactions. The program covers most special situations including balloon payments, structured leases, interest in advance and arrears, monthly
reporting and early termination by payout. |
