Rapid development Lessor & lessee
accounting for all size transactions, portfolios
and types of leases.
Dozens of customizable hardcopy & screen reports with many options provide for infinite combinations
Report summaries for selected terms and selected transactions types
Hundreds of example templates.
Complete automated customizable lessor & lessee journal entry creation
Termination entry creation
Entire term combined & individual deal analysis with separable integrated yield analysis
Save time & money...set up once and use it every year
11/17/2020 //. Does the system provide support for all lease types under ASC 842 ?
Yes, additionally it permits modifications to standard current methods & supports legacy leveraged lease accounting using 3 different yield analysis methods..
12/18/2020 // Does the system provide for amortization of related extraneous expenses and income over the deal term such as commissions ?.
11/18/2020 //. Can the same system be installed on numerous computers throughout the company?
Yes: Although a separate license is required for each installation. The software can reside on any number of computers but requires a licensed USB key to run. This requires transferring the USB unlock key from computer to computer or purchasing separate licenses per two computers (counting the backup ley). All data files are interchangeable between systems so all data can be moved around the company freely subject to your internal controls and EXCEL file locking restrictions..
12/18/2020 // Can the system easily handle reinstating prior terminated deals ?
12/18/2020 // What browsers work best with Truleases.
MS's Bing, Firefox & Safari have performed well.
12/17/2020// What is ASC 842 Effective Date ?
ASC 842 replaced ASC 840 after December 15, 2018 for fiscal years and interim periods within those fiscal years for public companies and will go in effect for private companies after December 15, 2019 for fiscal years and interim periods within those fiscal years
11/17/2020 //. Does the system provide for creating and analyzing yield analysis and deal design in addition to complete lease accounting analysis?
Yes. Using the structuring modules you can rate analyze and create transactions or do full lease accounting as a separate and distinct function. Once the Accounting record is created, there is no need to visit the structuring features again.
11/18/2020 //. What are the greatest number of transactions the system can handle?
The system has a virtual database. Each Excel Workbook is designed to handle approximately 2,000 transactions in a combined entry or in a single individual transaction mode. There is no limit for the number of workbooks that can be manually combined for reporting entries. The system has repeatedly performed in testing with summary entries in the 10's of trillions of $ OVER TERMS EXCEEDING 100 YEARS with penny accuracy.