ShareControl IFRS 16

ShareControl IFRS 16

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Overview

ShareControl IFRS 16 streamlines lease accounting by automating complex calculations and seamlessly integrating with Microsoft 365. While the software does not function without an internet connection, its user-friendly interface ensures efficient lease management and reporting, allowing businesses to achieve long-term growth.

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Starting Price
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ShareControl IFRS 16 Specifications

  • Document Management
  • Expense Tracking
  • Reporting and Analytics
  • Alerts/Notifications

ShareControl IFRS 16 Features

Automated Lease Classification

ShareControl IFRS 16 provides a guided process to determine lease classifications, ensuring compliance with IFRS 16 standards. The solution helps distinguish between finance and operating leases, facilitating accurate financial reporting.

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Automated Calculations

The software calculates the value of right-of-use assets at the start of the lease. It also calculates interest charges based on the remaining lease liability and depreciates the right-of-use asset over the lease period, reducing manual errors and saving time.

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Integration With Financial Systems

The platform integrates with various accounting and reporting systems, automating accounting entries and financial reporting. It also allows for easy and automatic transfer of general ledger postings to commonly used accounting and financial reporting systems, optimizing data transfer and reporting.

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Audit Trial

The system’s audit trail feature tracks changes and ensures transparency in lease management. It maintains a comprehensive record of periodic and annual changes, simplifying the auditing process and enhancing internal control.

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Pros And Cons of ShareControl IFRS 16

Pros

  • It integrates with various financial tools

  • The software automates lease calculations, enhancing efficiency

  • The platform has comprehensive reporting capabilities

  • The system has a user-friendly interface

Cons

  • The platform does not function properly without an internet

  • The software’s initial setup requires time and effort

  • It requires an additional Microsoft 365 subscription

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Frequently Asked Questions

Does ShareControl IFRS 16 has a mobile app?

No, ShareControl IFRS 16 does not offer a mobile app.

Who are the typical users of ShareControl IFRS 16?

The typical users of ShareControl IFRS 16 include industries like the financial sector, real estate, and small-to-medium enterprises.

What other apps does ShareControl IFRS 16 integrate with?

ShareControl IFRS 16 integrates seamlessly with Microsoft 365, Power BI, Excel VBA, SAP, Cognos, HFM, Visma, and more.

What level of support does ShareControl IFRS 16 offer?

ShareControl IFRS 16 offers support through contact, customer support, Knowledge lookup, news, and email.

What types of pricing plans does ShareControl IFRS 16 offer?

ShareControl IFRS 16 cost is tailored to business needs. Customers can browse ShareControl IFRS 16 pricing to proceed with the best subscription plan.

Does ShareControl IFRS 16 offers an API?

No, ShareControl IFRS 16 does not offer an API.

What language does ShareControl IFRS 16 support?

ShareControl IFRS 16 supports English language only.