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Visual Lease

Consolidates lease data for real estate, equipment and vehicles into one platform so finance, real estate, IT, legal and compliance teams can automate lease administration and accounting for ASC 842, IFRS 16 and GASB 87/96.

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By Visual Lease

visuallease.com

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Overview

Users centralize leases, critical dates, contacts and projects, run 100+ standard or ad-hoc reports, and review the audit trail of every change. The lease accounting module classifies leases, builds amortization schedules, produces journal entries and roll-forward reports, and exports data to ERP and BI tools. It is designed for large enterprises with complex portfolios.
More product details

Product

Demo Url
visuallease.com/lease-accounting-demo-video
Solution Kind
Platform

Who it is for

Industries
  • Government
  • Healthcare
  • Manufacturing
  • Professional services
Organization Types
  • Business
  • Government

Images

Lease accounting view with lease schedule and journal entries summary (demo data)1 / 1

Lease accounting view with lease schedule and journal entries summary (demo data)

Visual Lease lease accounting tab showing a lease schedule with right-of-use asset and liability balances and a journal entries summary

Features

Amortization Schedule

Lease classification (finance vs operating)

Amortization schedules

More details & conditions: Amortization Schedule

Right-of-use asset and lease liability calculation

Categories: Lease Accounting

Portfolio Management

Single sub-ledger for lease financials across asset types

Master leases, embedded leases and subleases

More details & conditions: Portfolio Management

Dashboards and roll-up and drill-down reporting

Categories: Lease Accounting

Asset Lifecycle Management

Calculations for modification, impairment, termination and abandonment

Audit trail of lease changes

Categories: Lease Accounting

Critical Date Alerts

Automatic notifications for renewals, expirations, rent increases and insurance deadlines

Multiple configurable reminder layers

More details & conditions: Critical Date Alerts

Configurable internal and external alerts

Categories: Lease Accounting

Accounting

ASC 842, IFRS 16, GASB 87 and GASB 96 calculations and journal entries

Roll-forward and disclosure reports

More details & conditions: Accounting

Integrated approval workflows and audit trail

Categories: Lease Accounting

General Ledger

Automated journal entries exported to ERP systems

Lease financials centralized in a single sub-ledger

Categories: Lease Accounting

Financial Analysis

Advanced analytics and customizable reports

One-click roll-forward and disclosure reports

More details & conditions: Financial Analysis

Customizable dashboards and ad-hoc reporting engine

Categories: Lease Accounting

Portfolio Management

Consolidates leases, contracts, utility bills and environmental data in one platform

Holistic view of each asset's key details, financials and environmental impact

More details & conditions: Portfolio Management

Real estate, equipment, SaaS contract and transportation assets

Categories: Lease Management

Commercial Leases

Manages real estate, equipment and vehicle leases with options, subleases and critical dates

CAM and operating expense analysis through Audit Manager rules and thresholds

Categories: Lease Management

Lease Tracking

Tracks lease clauses, obligations, options and critical dates

Master leases, subleases and amendments

More details & conditions: Lease Tracking

Audit trail of changes

Categories: Lease Management

Accounting

ASC 842, IFRS 16, GASB 87 and GASB 96 calculations and journal entries

Roll-forward and disclosure reports

More details & conditions: Accounting

Audit Manager tests landlord and vendor billings against lease terms

Categories: Lease Management

Contact Management

Tracks brokers, attorneys, property managers, architects and contractors for each lease

Centralized contact management

Categories: Lease Management

Workflow details

Standards
  • Name
    ASC 842
    Scope
    Lease accounting with pre-built reports
  • Name
    IFRS 16
    Scope
    Lease accounting with pre-built reports
  • Name
    GASB 87
    Scope
    Public-sector lease accounting
  • Name
    GASB 96
    Scope
    Subscription-based IT arrangements (SBITA)

Categories: Lease Accounting

Access & availability

API operations and access

Real-time bi-directional data transfer with ERP and data visualization tools

Export of journal entries, schedules and modifications to financial systems through standardized templates

Scheduled report exports and SFTP transfers

Technical details

Deployment

Client Channels
  • Browser
  • API
Delivery Models
  • Cloud (SaaS)
Sandbox
Yes

Implementation

Delivery Mode
  • Vendor

Customization

Supported Scopes
  • Fields
  • Reports
  • Dashboards
  • Workflows
  • Roles

Security

Access Models
  • Role based
Assurances
  • Kind
    Audit report
    Scope
    Data center hosting lease data, including policies, procedures and accounting calculations; audited twice a year
    Standard
    SOC 1 Type 2
Audit Events
  • Data changes

Support

Channels
  • Phone
Training Formats
  • Live online
  • In person

Reviews

User experiences, moderated before publication. Review policy

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