IFRS 16 – Leases comes into effect from 1 January 2019
This new lease accounting standard has a huge impact on a number of businesses. Leases which had previously been kept off the balance sheet will now have to be accounted for going forward. This means a lot of work transitioning your lease portfolio to the new standard.
Dont stress; we’ve got you covered. Our lease management software includes an accounting module that will simplify the transition to the new standard, and the ongoing reporting that follows.
To find out a bit more about IFRS 16 – Leases and how we can help, click the button below.