Crowe LLP - Lease Accounting Solution
Lease accounting is changing. No longer can you simply record lease payments as an expense and put some notes in your financial statements. With ASC 842 and IFRS 16 coming into place, leases now have to go on the balance sheet. The Crowe Lease Accounting Solution for Power BI give you the information to manage your leases.
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With 5 key reports and over 40 different visualizations, the Crowe Lease Accounting for Power BI gives organizations a complete view of their leased assets and the related activity across the entire organization or down to the specific business unit. Starting with the Lease Dashboard, quickly see the right of use asset and lease liability balances along with current and total payments. Also see information on weighted discount rate and weighted lease term to help prepare financial disclosures. At any time users can view data by lease group or drill down to the detail.
Additional reports provide information on transaction activity, forecast information and lease expense analysis. Analytics include: Monthly Reconciliation, Depreciation Expense, Interest Expense, Current Month Payments, Number of Active Leases by group and many, many more.
The solution provides a great starting place, but with the complete data model available, users can expand the content to meet their specific requirements.