Fixed Asset & Lease Accounting

RAM’s fixed asset accounting software manages asset depreciation and records every change that occurs during an asset's lifetime. The lease accounting functionality improves the management of leased assets and provides visibility of lease exposure and control, giving you the information needed to help comply with lease regulations.

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From 1 January 2019, depending on where you are based, new lease accounting rules will be brought in under IFRS 16, AASB 16 or ASC 842. The IASB and FASB worked jointly on this project and have agreed on the new standard. This will mean significant changes to the way organisations report on leased assets, the main one being that all leased assets will have to be reported on the balance sheet and not just those applicable to finance leases.

RAM can offer an integrated fixed asset and lease accounting solution to help comply with these regulations. This includes the continuing IAS17, FAS13 and AASB 117 regulations that apply to lessors.

RAM's Fixed Asset and Lease Accounting Software will help you to:

Reduce your equipment downtime

Accurately report asset depreciation

Simplify Year End Procedure

Generate payment schedules

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Produce short and long-term obligation statements

Complies with Corporate Governance

Comply with Corporate Governance

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Complete past, present, and future reporting capabilities

Simplify audit requirements

Automate the rescheduling & termination of leases