AssetAccountant’s core leasing functionality allows users to enter leases with the following fact patterns:

  • Various types of asset finance lease management can be managed by inputting the amount financed and payment schedule into the system:
    • Hire purchase
    • Chattel mortgages 

  • Right-of-Use assets and leases can also be set up in AssetAccountant with:

    • a payment schedule

    • corresponding interest rate (IBR) to create the initial value for the asset and lease liability

  • Custom lease accounting schedules which can be copied and pasted from spreadsheets if required


The leasing functionality includes:

  • Accounting liability disclosures and movements broken down (if desired) by:

    • Current/non-current balances (automatically managed in AssetAccountant)

    • Gross and net liabilities

  • Journals including:

    • Interest expense

    • Current/Non-current movements

    • Payments to a clearing account for bank reconciliation purposes

  • A suite of reports available to support lease reporting and disclosures

  • Deep functionality for management of leases through their lifecycle including:

    • Refinancing 

    • CPI adjustments

    • Terminations

    • Multiple assets to one lease

  • Import leases in bulk 

  • Refinancing/Adjusting leases in bulk

  • Multiple assets in a single lease


The leasing functionality available in AssetAccountant also works with our Accounting System Integrations which for leases encompass:

  • Creation of granular mappings to the relevant chart of accounts

  • Review and post journals directly from AssetAccountant to your accounting system

  • For profit/cost centres, locations etc, synchronisation with AssetAccountant’s Classifications and journals created broken down by relevant selection


Lease reporting available in AssetAccountant


As with all reporting in AssetAccountant, there is a large selection of standard reports to choose from. They can be downloaded to reflect different forward and historical periods and can be downloaded in either PDF or CSV format.


Some of the lease reports available in AssetAccountant are:


  • Lease asset summary report
  • Right-of-use movement report
  • Lease liability summary (full report)
  • Lease liability summary (point-in-time report)
  • Lease expiry schedule report
  • Lease further information report
  • Lease amounts paid report
  • Lease interest expense report
  • Lease summary report
  • Lease finance balances gross report
  • Lease finance balances principal outstanding report