EZLease

EZLease is a fixed asset management lease accounting system for lessees for Microsoft Windows. Fully compliant reporting available for the follow standards:

• IFRS 16 (Jan. 2019)
• ASC 842 (Feb. 2016)
• GASB 87 (Jun. 2017)
• Old Standards: IAS 17 (IFRS, superseded by IFRS 16 in Jan. 2019) and FAS 13 (GAAP, Nov. 1976)

EZLease aims to simplify compliant reporting for all kinds of leases (real estate, vehicles, or equipment). Automatically classifies as finance (capital) or operating, and maintains activity reporting. Reporting includes income statement, balance sheet, journal entries, classification detail, future minimum rents, amortization schedules, extended depreciation over economic life (for leases with ownership transfer), full quantitative disclosures, and lease listings.

EZLease’s users range from small CPA firms to Fortune 500 corporations and state governments. Most often used by the controller’s office or accounting department.

Video Overview

EZLease Features

• Flexible reporting dates
• Amortization schedules
• Journal entries
• Early termination gain/loss reporting
• Ability to book leases late or reverse leases without affecting prior reporting periods
• Multiple depreciation methods (straight line, 150%/200% declining balance, and custom methods)
• Reports for single, grouped, or all leases
• Optional foreign currency translation
• Custom reports available
• Lessor and optional asset retirement obligations (ARO) accounting