Module

IFRS-16 Lease Accounting is a comprehensive Odoo module designed to streamline lease accounting processes while ensuring compliance with IFRS-16 standards. It enables businesses to efficiently manage lease agreements, track right-of-use assets and liabilities, automate accounting entries, and integrate seamlessly with Odoo’s financial modules.

Available Versions : Odoo 16, Odoo 17, Odoo 18

Features

IFRS-16 Lease Accounting by Orchid Infosys is a powerful Odoo module tailored to simplify and automate lease accounting. It provides a structured approach to recording lease agreements, managing amortization schedules, handling early terminations, and maintaining compliance with IFRS-16 regulations.

Key Features:

✅ Lease Configuration: Define lease types, configure right-of-use asset accounts, and set up liability accounts for seamless tracking.

✅ Lease Management: Record lease agreements, track payments, and manage amortization schedules efficiently.

✅ Right-of-Use Asset Accounting: Recognize, track, and depreciate right-of-use assets with automated calculations.

✅ Lease Liability Accounting: Accurately recognize initial lease liabilities, compute interest expenses, and manage periodic payments.

✅ Seamless Odoo Integration: Automate journal entries and integrate with Odoo’s accounting system for real-time financial reporting.