1. [Home](https://www.g2.com/) 2. ... 3. [Lease Accounting Software](https://www.g2.com/categories/lease-accounting) 4. [OIXIO IFRS 16 Discussions](https://www.g2.com/products/oixio-ifrs-16/discuss) [ ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/large_detail/large_detail_d587175160f61cf560372e8b4775b887/oixio-ifrs-16.jpg "Product Avatar Image") ](/products/oixio-ifrs-16/reviews) [ OIXIO IFRS 16 ](/products/oixio-ifrs-16/reviews) 0 ratings Solution helps the lessees to support and ensure lease agreements accounting according to IFRS16. Ensure compliance with IFRS 16 efficiently Finance/accounting department of your business could face the challenge that ensuring compliance with IFRS 16 standard could be a very time-consuming process: - keeping hundreds or thousands lease agreements data on spreadsheets; - recognize assets and liabilities for each of the leases manually to the General Ledger; - calculate and reflect the effect of the changes/amendments in the agreements; - finally prepare financial statements in accordance with IFRS 16. All these processes related to lease accounting could be managed in this easy to use solution that helps the lessees to reduce finance/accounting department workforce time spent on administrative work to ensure compliance with IFRS 16. Solution includes important features and enhancements, that are required by lessees in order to support lease agreement accounting according to IFRS, starting with its signing, schedule calculation, amendments process and up to its natural ending or termination. Smoothly integrated with other "native" application modules - Financial Management / General Ledger - Fixed Assets - Purchase and Payables Key features & functionality Lease Contract Data Storing and Schedule Calculation: - Define individual lease conditions per contract. - Calculate separate schedules and present value for each RoU asset. - Payment split into principal and interests’ parts. - Supported payment periods: monthly, quarterly, half year, annual. - Contract workflow management. RoU Asset Management: - RoU assets management using standard Fixed Assets functionality with its features and reporting possibilities. - Automated Fixed Assets cards creation and schedule calculation in case of agreements with multiple items of lease property. - RoU depreciation calculation. Contract Amendment Management: - Contract conditions (payment amount, lease period and etc.) update at any moment of lease period. - Changes history tracking. Ending and termination: - Automated schedule ending and RoU disposal when zero balance for lease liabilities is reached. - Premature termination (early buy-out or termination) management. Lease agreement accounting: - Lease liabilities and RoU acquisition cost posting on contract activation to General Ledger and Fixed Asset module. - Automated lease liabilities reduction posting based on lease schedule. - Automated calculation of contract amendment effect (gain/loss) and posting to General Ledger and Fixed Assets module. - Premature termination effect calculation and posing it to General Ledger and Fixed Assets module. Supported Editions: The app supports the Essentials and Premium Editions of Microsoft Dynamics 365 Business Central. Supported Countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Croatia, Denmark, Estonia, Finland, France, Germany, Hong Kong SAR, Hungary, Iceland, Indonesia, Ireland, Italy, Japan, Korea, Latvia, Lithuania, Malaysia, Mexico, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Serbia, Singapore, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, United Arab Emirates, United Kingdom, United States, Vietnam. Need more information? Please visit the OIXIO Group website: https://oixio.eu/ Show More When users leave OIXIO IFRS 16 reviews, G2 also collects common questions about the day-to-day use of OIXIO IFRS 16. These questions are then answered by our community of 850k professionals. Submit your question below and join in on the G2 Discussion. * * * ### 0.0 Nps Score ### All OIXIO IFRS 16 Discussions Search Most CommentedMost HelpfulPinned by G2Newest All DiscussionsDiscussions with CommentsPinned by G2Discussions without Comments FilterFilter Filter byExpand/Collapse Sort by Most Commented Most Helpful Pinned by G2 Newest Filter by All Discussions Discussions with Comments Pinned by G2 Discussions without Comments Sorry... There are no questions about OIXIO IFRS 16 yet. ## Start a New Software Discussion Have a software question? Get answers from real users and experts [Start A Discussion](/products/oixio-ifrs-16/discussions/new) * * * ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/thumb_square/thumb_square_d587175160f61cf560372e8b4775b887/oixio-ifrs-16.jpg "Product Avatar Image") ### Have you used OIXIO IFRS 16 before? 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