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 


The leasing functionality available in AssetAccountant also adopts the Sage Intacct Integration which for leases encompasses:

  • Creation of granular mappings to the Sage Intacct chart of accounts

  • Review and post journals directly from AssetAccountant to Sage Intacct

  • Synchronisation of Dimensions from Sage Intacct to AssetAccountant’s Classifications and journals created broken down by relevant Dimension