Lease Accounting Software, UK

	Complies with UK and international accounting standards for lease accounting.
	Can be used stand-alone, or leases may be cross-referenced to assets held within the lease and recorded in the asset register.
	Enables finance and operating lease details to be maintained to satisfy the full accounting and disclosure requirements for leased assets.
	Apportions rentals payable between the finance charge and the repayment of capital.
	Provides three methods of allocating finance charges to payment periods. - Actuarial method - Rules of 78 (i.e. sum of digits) method - Straight line method

	Calculates the amount of outstanding obligations for finance leases, net of future finance charges, analysed by accounting year.
	Calculates aggregate finance charges for the period in respect of finance leases.
	Identifies commitments at the balance sheet date in respect of finance leases entered into, but where inception occurs after the year end.
	Shows operating lease rentals charged in the period.
	Analyses the payments which the lessee is committed to make under operating leases according to the year in which the lease expires.
	The Fixed Assets module provides for the full depreciation accounting requirements of leased assets.
	Lease costs can be broken down into different asset categories, based on information held on the asset register.
	Adjustments are made to disposal proceeds for VAT, on early settlement of HP contracts, if used in conjunction with the asset register.