Ingests. Models. Posts. Modifies
IFRS 16 and ASC 842 lease compliance on autopilot. Reads contracts pulled from Contract Agent, generates ROU asset and lease-liability schedules, posts monthly JEs, handles modifications, reassessments, and FX revaluations. Multi-entity, multi-currency. LeaseQuery and Visual Lease territory — agentic, with audit-ready disclosures every period.
By the numbers
The use case
Lease accounting is the silent killer of audit timelines. 200 leases in Excel. Modifications break the formulas. FX revaluation on foreign leases takes hours every close. Audit asks for the modification documentation and the controller spends a week reconstructing the trail. IFRS 16 disclosure pack is three days of manual reformatting every year-end. The standard was supposed to be settled in 2019. It is not.
Lease Accounting Agent ingests contracts from Contract Agent, generates ROU and lease-liability schedules, posts monthly JEs to every book in parallel, handles modifications and reassessments with full audit trail, revalues FX at period-end, and generates the disclosure pack. Pairs natively with Contract Agent — when a lease is signed, accounted for, and modified, it is one continuous flow.
For who
Capabilities
Reads lease contracts directly from Contract Agent. Classifies as operating, finance, low-value, or short-term per IFRS 16 / ASC 842 criteria. Surfaces edge cases for controller review with the contract clause attached.
Generates the right-of-use asset and lease-liability amortization schedule at contract inception. Incremental borrowing rate applied per entity and per currency. Schedule rebuilt automatically on every modification.
Posts the period amortization + interest JEs automatically. Splits between P&L and balance sheet per standard. Posts to local stat, IFRS, and US GAAP books in parallel.
Detects modifications (term extension, scope change, payment renegotiation) and reassessments (index reset, option exercise). Recalculates the schedule, posts the catch-up JE, retains full before-and-after evidence.
Continue exploring
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