EZLease

Fast, easy way to comply with the latest lease accounting standards for lessees and lessors

EZLease helps lessees and lessors get compliant quickly and easily as the first step toward automating the leasing process. EZLease is user-friendly and intuitive and requires no prior knowledge of the standards. By automating the most complicated and labor-intensive calculations and processes, EZLease dramatically reduces the complexity and confusion associated with manually generating lease accounting journal entries.

EZLease is a fixed asset management lease accounting system for lessees and lessors for Microsoft Windows that supports the following standards:

• IFRS 16
• ASC 842
• GASB 87
• Old Standards: IAS 17 and FAS 13

EZLease simplifies compliance reporting for all kinds of leases (real estate, vehicles, and equipment). The software automatically classifies leases as finance (capital) or operating leases, 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.

System requirements:

Windows^® XP, Vista, 7, 8, or 10 (Desktop). 70 MB hard disk space for installation *Microsoft .NET Framework v3.5

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
• Multi-user access