Lease accounting

IFRS 16 Compliance with confidence

The trusted, complete solution for IFRS 16 compliance

We’ve worked with chartered accountants who live and breathe IFRS 16 to design a world class IFRS 16 compliant module that’s been tested against over 100 scenarios provided by global accounting firms. It’s intuitive, customisable and generates everything you need for reporting. Auditors around the globe introduce Nomos One to their clients and we can see why – when it comes to IFRS 16 we have you completely covered.

IFRS16 Transition module

Our world class, fully compliant IFRS 16 module supports all three transition approaches.

We make it easy for you to select one of the modified approaches on a lease-by-lease basis.

Our intuitive wizard guides you through the transition process, so you can be assured you haven’t overlooked any requirements of the standard.

Walk through the transition requirements

Transition & commencement discount rates

Ability to select one of the modified approaches on a lease-by-lease basis

Compare financial impacts under all approaches

Calculations

Easily save discount rates, rent increases, future payments, make-good payments and incentives against your portfolio.

Create asset classes and apply bulk settings across agreements with similar characteristics.

Automatically calculate right-of-use assets and lease liability across your portfolio.

Initial Measurement

Automatically calculates PVFMLP
Anticipated number of renewals
Purchase options or residual value agreements
Short term & low value exemptions
Revaluation of peppercorn leases
Make good provisions
Direct costs

Subsequent Measurement

Automatically revalued lease liability & ROU asset
Supports all subsequent ROU measurement options
Cost less depreciation
Fair Value under IAS 16 & IAS 40
Peppercorn leases under AASB 1058
Changes in assumptions
Impairments

Reporting, Journals & Disclosures

Generate draft balance sheets, depreciation and interest schedules and journals that can be easily exported and uploaded to your general ledger.

Save assumptions and calculations at different points-in-time, and easily compare periods against each other.

Create graphs and interactive reports that make complex calculations easy for your stakeholders to understand.

Journal entries
Complete history of a lease
Monthly and 4-4-5 reporting
Draft balance sheets

Provisions for

Breakout non-lease components
Variable lease payments capture
Sale & leaseback arrangements
Sub-leased agreements that are classified as finance leases
Business combinations

Lease Management 

Event tracking, automated reminders, custom fields and reports, a personalised dashboard and compliance wizard will transform the way you manage your portfolio.

Contract Management 

Unlimited storage and custom fields and reports make Nomos One the perfect place to store all of your lease agreements and general contracts.

Onboarding

Our team of experts will extract, analyse, enter and review all of your information. Then we’ll structure your portfolio so it works the way you need it to.

“With Nomos One, we have great visibility and insight across our lease portfolio. The system is highly intuitive and has saved our team significant time, money and stress.

We were very impressed with the level of professionalism and attention to detail throughout the onboarding and review process. The Nomos One team took time to understand exactly how our portfolio was structured, what information was important to capture and then ensured the system was tailored to suit our needs.

Even within the first couple of months using Nomos One, the system identified major cost saving opportunities for our business which paid for the system many times over. The highly automated system has helped us reduce our risk profile and work more efficiently.”

ASX 20 listed financial services company

Discover the benefits of using Nomos One