Lease Accounting Suite

PowerPlan Lease Accounting module is fully compliant with the current, lease accounting standards and the proposed accounting standards so that organizations can immediately start preparing for the convergence. Additionally, functionality exists to seamlessly transition to the new accounting standards. so that comparable financials can be created for the lookback period. The module is compatible with multiple accounting treatments (GAAP, IFRS, and FERC) and includes robust functionality to support bookkeeping, future expense forecasting, investment management, workflow approvals, and reporting. The extensive automated processes in the module reduce costs and IT complexities, while simultaneously increasing visibility into an organization’s lease inventory.