Overview
IRIS Lease Accounting software helps organizations handle lease compliance and accounting tasks. While it may have a learning curve for new users, it offers features for accurate lease tracking and reporting, supporting better financial management.
IRIS Lease Accounting Specifications
Facility Management
Inspection Management
Maintenance Request Tracking
Reporting and Analytics
What Is IRIS Lease Accounting?
IRIS Lease Accounting is a specialized software solution designed to help businesses manage their lease agreements efficiently and remain compliant with accounting standards such as IFRS 16 and ASC 842. It simplifies the process of tracking lease contracts, automates payment calculations, and generates accurate financial reports. By centralizing lease data and reducing manual errors, the software saves time and enhances compliance, making it an essential tool for organizations with leasing obligations.
IRIS Lease Accounting Pricing
IRIS Lease Accounting Integrations
Who Is IRIS Lease Accounting For?
IRIS Lease Accounting is ideal for a wide range of industries and sectors, including:
- Corporate finance and accounting teams
- Public sector and government organizations
- Multinational companies
Is IRIS Lease Accounting Right For You?
IRIS Lease Accounting could be a great fit for anyone who needs a lease accounting solution that helps simplify compliance with accounting standards and manages complex lease portfolios. IRIS Lease Accounting features include the ability to handle multiple leases efficiently. It works well for businesses and public sector organizations looking for accuracy in lease management.
Still doubtful if IRIS Lease Accounting is the right fit for you? Connect with our customer support staff at (661) 384-7070 for further guidance.
IRIS Lease Accounting Features
IRIS Lease Accounting acts as a dedicated leasing sub-ledger, capturing and recording every lease transaction in detail. It generates clear, accurate accounting outputs that can be seamlessly uploaded into your ERP system. This helps your finance team maintain organized records and ensures that lease data is integrated smoothly with overall accounting processes.
Whenever there are changes to lease agreements such as extensions, terminations, or payment adjustments, the software automatically recalculates the right-of-use assets and lease liabilities. This automatic updating keeps your general ledger precise without manual intervention, reducing human error and ensuring that financial records reflect the latest lease terms at all times.
The system continuously updates the schedules related to right-of-use assets and lease liabilities. By doing this automatically, it ensures that depreciation and amortization are accurate, which helps your finance team maintain better control over the company’s lease-related financial obligations and improves overall financial transparency and oversight.
IRIS Lease Accounting supports multiple calendar options tailored to your business needs. Whether your company follows a standard fiscal year, retail calendar, manufacturing calendar, or a custom calendar, the software adapts accordingly. This flexibility ensures that your lease accounting aligns perfectly with your business’s accounting cycles and reporting requirements.
Stay informed with timely alerts about upcoming lease expirations. This proactive feature helps prevent missed deadlines, unnecessary lease renewals, or extra payments. By receiving end-of-lease notifications in advance, your team can plan ahead, renegotiate terms if needed, and manage leases more effectively to save costs and avoid surprises.
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