Automate Lease Accounting,
Stay Fully Compliant

Lease Shift is an AI-powered lease accounting automation platform that handles the complete lease lifecycle from inception to termination. It automatically classifies leases, calculates ROU assets and lease liabilities, generates journal entries, creates amortization schedules, prepares financial disclosures, and ensures full compliance with ASC 842, IFRS 16, and Ind AS 116 standards—reducing month-end close time by 90% and eliminating manual spreadsheet calculations and compliance risks.

Lease Shift provides complete compliance with all major lease accounting standards including ASC 842 (US GAAP), IFRS 16 (International Financial Reporting Standards), and Ind AS 116 (Indian Accounting Standards). The platform automatically applies the correct accounting treatment, classification rules, measurement principles, and disclosure requirements based on your selected standard, and stays updated when standards change or new guidance is issued.

When lease modifications occur (changes in term, scope, or consideration), Lease Shift automatically determines if it's a separate lease or modification to existing lease, recalculates the lease liability using the revised discount rate, adjusts the ROU asset accordingly, generates modification journal entries, and updates all amortization schedules and disclosures. The platform maintains complete audit trails showing before/after values and modification impact analysis.

Yes! Lease Shift offers pre-built integrations with major ERP systems including SAP, Oracle, Microsoft Dynamics, NetSuite, and QuickBooks. The integration enables automated journal entry posting, chart of accounts synchronization, payment data import, and bidirectional data flow—maintaining consistency between systems and eliminating manual data entry. For custom ERP systems, we provide RESTful APIs for seamless integration.

Lease Shift generates all required journal entries automatically based on your chart of accounts mapping and accounting policies. For initial recognition, it creates entries for ROU asset and lease liability. For subsequent measurement, it generates periodic entries for amortization expense, interest expense, and lease payments. For modifications and terminations, it creates adjustment and reversal entries. All entries can be reviewed, approved, and posted directly to your ERP system with complete audit trails.

Lease Shift automates all lease accounting calculations including initial lease liability (present value of future lease payments), ROU asset (lease liability plus initial direct costs and prepayments), periodic interest expense (using effective interest method), ROU asset amortization (straight-line over shorter of lease term or useful life), remeasurement calculations for modifications, impairment assessments, and termination gain/loss calculations. All calculations include complete supporting schedules and audit trails.

Lease Shift makes audits effortless by providing instant access to audit-ready disclosures including financial statement notes with required narratives and tables, lease liability maturity analysis showing undiscounted and discounted cash flows, expense analysis by category and operating segment, opening to closing balance reconciliations, detailed lease-by-lease schedules, and complete calculation documentation. Auditors can access all information online with appropriate permissions, reducing audit time by 80%.

Absolutely! Lease Shift handles all types of leases including real estate (office buildings, retail stores, warehouses, manufacturing facilities), equipment (machinery, vehicles, IT equipment, medical devices), and other assets (land, aircraft, vessels). You can categorize leases by type, location, department, or custom classifications for reporting and analysis purposes—providing complete visibility across your entire lease portfolio.

Lease Shift provides proactive alerts and workflow automation for critical dates. You can configure alert timelines (90/60/30 days before expiry), set up approval workflows for renewal or termination decisions, receive email and in-app notifications, track decision status and approvals, and automatically calculate financial impact of renewal or termination options. This ensures you never miss deadlines and can make informed decisions about lease portfolio optimization.

Lease Shift offers comprehensive reporting including portfolio dashboards showing total ROU assets and lease liabilities, cost analysis by property type, location, department, and category, renewal calendars and commitment forecasts, expense trending and variance analysis, savings opportunity identification, scenario modeling for portfolio decisions, and custom reports tailored to your requirements. All reports can be scheduled for automatic distribution and exported for further analysis.

Implementation typically takes 4-8 weeks depending on your portfolio size and complexity. The process includes lease data migration from existing systems or spreadsheets, chart of accounts mapping and configuration, ERP integration setup, user training for finance and lease administrators, workflow and approval configuration, and go-live support. Our implementation team ensures smooth transition with minimal disruption to your month-end close processes.

Security is paramount for lease data. Lease Shift implements enterprise-grade security including end-to-end encryption for data at rest and in transit, role-based access control with granular permissions, comprehensive audit trails for all activities, secure cloud infrastructure with automated backups, multi-factor authentication, and regular security audits. Your sensitive lease information is protected with industry-standard security measures, and we never share data with third parties.