Convert your operating lease cashflows into accounting entries for AASB16. 

A solution to AASB16 for Australian SME’s and Charities

Convert your operating lease cashflows into accounting entries for AASB16.

A solution to AASB16 for Australian SME’s and Charities

AASB16 for SME’s and Charities

AASB16 is coming

AASB16 takes effect from the beginning of your new financial year. For most affected Australian organisations this will be 1 July 2019. From this date you will need to transform your operating leases cash flows and represent them as assets and liabilities on your balance sheet.

Break the complexity

The AASB16 standard is complex in its mathematical requirements to transform your cash flows. Calculating the assets and liabilities is both time consuming and complex. Every time the cash flows change, an adjustment to the schedules and consequent revaluation is required. For property leases, this is likely to be every year with CPI indexation.

Solve your AASB16 Puzzle

The Leases16 product takes your cash flows and conforms them into assets and liabilities as required under AASB16. We have made the software both easy to use and cost effective to meet the needs of SME’s and Charities in  Australia.

Leases16 Features

Save Time

IFRS16 is a complex standard to implement. With a 24-hour turn-around, Leases16 will take all your lease details and quantify the impact.

Complete Schedules

Full and complete schedules, including both transition/inception and monthly suggested journal entries.

By Accountants for Accountants

Leases16 has been created by qualified accountants who have spent significant time understanding the IFRS16 standard. 

Save Money

Time is money. Our price point makes it simply irresponsible to attempt to solve the IFRS16 puzzle from scratch.

Testimonials

  • Great service at a great price

    We only had a couple of leases, so investing a significant amount of time attempting to convert the standard into practice was simply not practical. Leases16 gave me everything I need for my transition entries for IFRS16. The process was straight forward - it saved me a lot of time, and by extension, money. Highly recommended!

    Great service at a great price
    Paul, CFO
    Credit Union