ZenTreasury IFRS 16 - Leases
Get IFRS 16 compliant
Streamline, simplify and automate your lease operations. ZenTreasury IFRS 16 - Leases gives you an all-in one accounting and portfolio solution to help you achieve IFRS 16 compliance.
You can build a tailored solution to match your needs with the help of our modular and volume-based pricing structure.
Manage your leases from anywhere and store data securely in the Cloud.
Quick and Easy implementation
Your new environment can be up and running today.
Easy to Use
Our modern UI puts a lot of emphasis on displaying information visually.
ZenTreasury IFRS 16 - Leases
Manage all your leases in one place, in one simple register. With ZenTreasury you can manage your lease portfolio with ease and, at the same time, create all the needed accounting entries that IFRS 16 requires.
Validated IFRS 16 calculations
ZenTreasury IFRS 16 calculations have been validated by an international audit firm. The following items where confirmed to be in accordance with IFRS 16:
All-in-one accounting & portfolio solution
With the ZenTreasury Leasing (IFRS 16) module you are able to handle all lease and rental agreements that need to be treated as liability and right-of-use asset according to the IFRS 16 standard.
With ZenTreasury you can compute all changes during the lease term and the possible P&L effects easily. You are also able to create all the necessary reports to adjust your financial statement. Accounting can be completed through three simple reports; lease changes, lease payments and month-end. All these reports can easily be exported to a spreadsheet or you can have the accounting entries, via interface, into your accounting system.
ZenTreasury comes with an inbuilt company register. Here you can define your company hierarchy. You can also add additional information regarding your companies, agreements, document, currency, limits and see your company audit trail, all in one place.
Lease instrument view
In the instrument view you have basically everything in one place. Here you can define your lease’s portfolios, cost centers, start and end dates, purchase option prices etc. etc. You can also add additional info into your instrument, add documents or see your lease instrument’s audit trail, all in one place.
Changes during lease term
The system can handle any changes during your lease term. So, price, term and scope adjustments are easily managed in the same view. The amended lease flow will be immediately available, in the same window, as soon as the lease changes are confirmed.
With ZenTreasury the audit process is more fluid than in a manual environment. Audit trail tracks all changes to transactions by time, date and user stamp. You'll be able to show your auditors all the changes to your transactions during their life cycle.
Multi-user environment & Segregation of Duties
Segregation of duties is one of the most important system controls. This is an essential tool in mitigating the risk of error or fraud. In ZenTreasury, segregating duties between users is simple, and as the administrator you have full control to amend and create new roles with custom rights if needed.
Automated currency exchange rate import
ZenTreasury collects, compiles and parses data sets from public data sources such as:
ZenTreasury is rated 5/5 on Capterra.
Here's what our customers say
IFRS 16 was issued in January 2016 and applies to annual reporting periods beginning on or after 1 January 2019. It eliminates the current dual accounting model for lessees, which distinguishes between on-balance sheet finance leases and off-balance sheet operating leases. Instead, there is a single, on-balance sheet accounting model that is similar to current finance lease accounting.
AASB 16 Leases
AASB 16 Leases was issued in February 2016 and is effective for annual reporting periods beginning on or after 1 January 2019. AASB 16 Leases is equivalent to IFRS 16 with extra paragraphs on Leasing Treatment for Non-Profit Entities.
IND AS 116 Leases
IND AS 116 (corresponding to IFRS 16) is under consideration of the National Advisory Committee on Accounting Standards. IND AS 116 is likely to be effective for accounting periods beginning on or after from 1 April 2019.
NZ IFRS 16
NZ IFRS 16 (corresponding to IFRS 16) was issued on 11 February 2016 by the New Zealand Accounting Standards Board of the External Reporting Board. The standard becomes effective for annual reporting periods beginning on or after 1st January, 2019 with early adoption possibility.
FRS 116 Leases
On 30 June 2016, the Accounting Standards Council issued FRS 116 Leases as the Singapore equivalent of IFRS 16. The new Singapore leases standard will be effective from 1 January 2019.
ED PSAK 73 Leases
The Financial Accounting Standards Board of the Indonesian Institute of Accountants has approved the Exposure Draft (ED) PSAK 73 Leases which are the result of the adoption of IFRS 16 Leases. ED PSAK 73 is proposed to be implemented by 1 January, 2020 with earlier application permitted only for entities which have applied ED PSAK 72.
Holds data to allow time to audit, monitor, manage, and analyze it.
Inbuilt multi-currency support. You can easily manage leases in other currencies.
Calculate the accrued interest for all types of payment schedules.
Comes with reports for accounting of lease liabilities, right-of-use assets and the effects caused by changes in the IFRS 16 specifications.
Easily manage all changes during the lease term.
Generate simple payment schedules for your lease payments.
Segregation of duties is one of the most important treasury controls. This is an essential tool in mitigating the risk of error or fraud. In ZenTreasury you can assign duties to fully meet your company’s requirements.
The best way to understand the benefits of ZenTreasury is to see it in action. Please complete the form and we will send you a link to watch the demo video.