Lessee Accounting Software

Lease4000 is a powerful lease management tool that provides users with complete control over both the finance and operating leases used to acquire assets and inventory items.

The system incorporates a range of user-definable payment plans designed to meet every type of lease arrangement. Such plans may be automatically generated for each lease in such a way that specifies individual payment types and alerts users to whether payments ought to be paid in advance or in arrears.

The leasing module integrates fully with RAM’s fixed asset register, Asset4000, to provide links to asset and inventory item details, thus removing the time-consumption and manual error associated with data re-keying. Alternatively, items that do not exist on the live asset register can be referenced by both operating and finance leases from the ‘non-capitalised asset’ register integral to Lease4000.

For ease of use, full leasing details, including lease codes, accrual dates, descriptions and related asset codes can be added, viewed or maintained through a single input screen. Furthermore the Lease4000 module provides users with a full lease history which can be viewed at the click of a button. Both operating and finance leases can be configured for monthly, quarterly, biannual or annual payments, with the latter calculated in accordance with the guidelines specified by the UK Accounting Standards Committee SSAP21 and the International Accounting Standards Board 1AS 17.

Features and Benefits:

• Fully integrates with RAM’s Asset4000 module.
• Detailed lease information is added and maintained through one input screen.
• Manages both auto-generated and user-definable payment schedules, either in advance or in arrears.
• Provides for multiple interest calculation methods, including Equal, Actuarial and Sum-of-Digits (Rule of 78).
• Fully automates the process of apportioning finance lease payments between the finance charge and the reduction of the outstanding obligation.
• Leases can be terminated or rescheduled at any time and charges are automatically re-calculated.
• Provides accurate forecasts of last payments and terminations, as well as monitoring expiration dates to prevent costly automatic extensions.
• A full history of payments and events is held against each lease.
• Uniquely referenced documents, such as contracts, certificates, invoices, emails, letters and purchase orders can be linked to records through RAM’s Document4000 module.
• All management and statutory reports comply with Accounting Standards.
• Complies fully with SSAP21 and the International Accounting Standards Board IAS17.

Powerful Reporting and Forecasting

Lease4000's powerful, in-built reporting facility is capable of generating over 10 standard report types, including Obligations Analysis, Commitments Analysis, Period Finance Charges Reports and Finance Lease Schedules, as well as an unlimited amount of user-definable reports. Reports can be created for any range of past, current and future accounting periods and may be restricted to display only those records with accrual dates within specified time periods.

With the ability to transform data from a summary into a detailed analysis both quickly and easily, the system offers users the option to view reports on screen or to print, email or export to a spreadsheet.

Lease4000 is an integral part of the asset management suite when considering assets that may not be owned but need to be managed, maintained and accounted for as though they were.

Real Asset Management strives to maintain its high standards within the software industry and has received the following accreditations: