A solution for Australian businesses designed to simplify compliance with AASB 16 by centralizing and automating lease accounting operations
Nakisa Lease Administration is a comprehensive lease accounting, management, and reporting solution designed to support AASB 16 compliance at large enterprises. It allows global businesses who are required to file financial reports based on Australian Accounting Standards Board and international accounting standards to precisely track every detail of their lease arrangements. We can assist your organization, whether it is Australian-based or a foreign company operating in Australia.
How can we support your AASB 16 compliance initiatives?
Organizations all over the world use Nakisa Lease Administration to facilitate compliance with lease accounting regulations. Nakisa Lease Administration offers all features and functions required to meet the unique lease accounting needs of multinational corporations, including the ability to:
AASB 16 compliance shouldn’t be difficult to achieve. Early adopters of the International Accounting Standards Board (IASB) AASB 16 standard would agree that obtaining lease compliance might be difficult if not properly planned. Even for a well-established business, integrating leases into the general ledger requires more than just a simple commitment from the corporate finance teams, as leases have traditionally been excluded from the balance sheet. Nakisa can be a valuable partner in this scenario, as it offers a comprehensive solution that combined the best corporate accounting and technology know-how to help ensure your success.
Nakisa Lease Administration is not a reporting tool that you use just once a year to prepare your disclosure notes. It is a finance platform that helps you manage lease contracts from end to end on a recurrent basis. Record one-time fees, casualty events, unit replacements, or early terminations as they happen. Our solution also comes with both lessor accounting and property management components, and we are building more.
As a global company, it is necessary to comply with both AASB 16 and IFRS 16, but there’s no need to have separate solutions. With Nakisa Lease Administration, you can manage all your leases under both standards simultaneously on one unified platform. Our solution accommodates each standard’s unique requirements and allows you to generate disclosure reports accordingly.
Nakisa Lease Administration software provides an all-inclusive suite of lease management features that encompass the entire lifecycle of a lease, from the initial contract inception to the eventual termination. Our reporting functionality allows you to effortlessly create pre-configured disclosure reports that can be used to build your financial statements. Our finance platform is built to handle the accounting needs of both lessees and lessors, as well as real estate management.
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