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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

The shift from traditional accounting standards to the updated IFRS 16, AASB 16, and ASC 842 presents a variety of challenges for organizations, including the need for compliance with new regulations, the requirement for extensive data collection and processing, and the increased complexity of tasks for accountants. Rather than relying on outdated lease calculators, businesses should consider adopting modern, efficient, and user-friendly lease accounting software tailored to meet IFRS 16, AASB 16, and ASC 842 requirements. Our innovative lease accounting software not only streamlines processes but also provides exceptional adaptability and flexibility to suit diverse organizational needs. Whether you operate a SaaS company or another business type, the Soft4Lessee accounting solution enhances lease management, making it faster, more cost-effective, and significantly less cumbersome. Furthermore, with our software, you can automate numerous processes, effortlessly import and export data to and from Microsoft Excel, and integrate files in XML and various other formats, ultimately leading to improved operational efficiency and accuracy. This comprehensive approach ensures that your business remains compliant while optimizing its lease accounting practices.

Description

TURBO-Lease™ offers a comprehensive accounting software solution for lessors, featuring more than 80 predefined reports that can be directed to various formats such as screen, paper, PDF, or Excel. Users can generate forecasts for future balances or pull historical data to meet audit needs. The software allows customization by permitting users to define eight fields, which can be utilized to categorize leases according to specific identifiers like bank, vendor, salesperson, note, or equipment type. Included in the features are trial balance reports that facilitate reconciliation with your general ledger by reflecting transactions within your selected date range. Each report provides detailed information, including the opening balance, activities for the current period, necessary adjustments, new business entries, and the final balance. Additionally, there are specialized trial balance reports available for various financial aspects, including lease receivable, residual receivable, income, residual income, initial direct costs, advance payments, security deposits, and associated fees. This extensive suite of reporting tools ensures that users can effectively monitor and manage their leasing operations.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

NetSuite Yes 
SAP Business One Yes 

Integrations

NetSuite No 
SAP Business One No 

Pricing Details

$99 per month
Free Trial Yes 
Free Version No 

Pricing Details

$1250.00/one-time
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App Yes 
Windows Yes 
Mac Yes 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

Soft4Lessee

Founded

2008

Country

Lithuania

Website

soft4lessee.com

Vendor Details

Company Name

Better Programs

Founded

1985

Country

United States

Website

turbolease.com

Product Features

Financial Reporting

"What If" Scenarios No 
Audit Trail Yes 
Balance Sheet No 
Cash Management No 
Consolidation / Roll-Up Yes 
Forecasting Yes 
General Ledger Yes 
Income Statements No 
Multi-Company Yes 
Multi-Department / Project Yes 
Profit / Loss Statement No 

Lease Accounting

Amortization Schedule Yes 
Asset Management Yes 
Billing & Invoicing No 
Budgeting & Forecasting Yes 
Capitalization Reporting No 
Critical Date Alerts No 
Expense Tracking Yes 
For Equipment Leases Yes 
For Real Estate Yes 
Payment Tracking No 
Portfolio Management No 
Tax Management No 

Lease Management

Billing & Invoicing No 
Commercial Leases Yes 
Contact Management No 
Landlord Database No 
Lease Classification Yes 
Portfolio Management No 
Property Management Yes 
Residential Leases No 
Retail Leases No 
Sublease Management Yes 
Tenant Database No 

Product Features

Lease Management

Billing & Invoicing Yes 
Commercial Leases Yes 
Contact Management No 
Landlord Database No 
Lease Classification Yes 
Portfolio Management Yes 
Property Management No 
Residential Leases No 
Retail Leases No 
Sublease Management No 
Tenant Database No 

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