ShareControl IFRS 16 Discussions

ShareControl IFRS 16 simplifies accounting of leases and leases under IFRS 16. Save time and ensure accurate financial reporting with the "all-in-one IFRS 16 system". The system provides guidance through all steps to determine the correct rental classifications of your contracts. With automatic calculations, you can streamline the work with leasing agreements under IFRS 16 while ensuring a correct entry of the agreements. In ShareControl IFRS 16 it is easy to import leases, manually or from other systems, this includes data such as lease period, payment schedule, interest rate and other necessary information for calculations. The solution guides the user through a step-by-step process, where you ensure correct identification and classification of the contracts. The system will calculate the value of the asset for right of use at the start of the lease. This includes the initial amount of the lease liability, in addition to any lease payments made at or before the start of the lease. In the case of lease payments, the rental liability will automatically decrease and interest charges will be calculated based on the remaining liability. To meet financial reporting requirements, the system will automatically generate required accounting entries and reports, including depreciation schedules and other important lease measurement values. Reporting in ShareControl IFRS 16 can also be integrated via Power BI and Excel. ShareControl IFRS 16 is built on SharePoint (addon) in Office 365. ShareControl IFRS 16 is a quick way to take advantage of what SharePoint has to offer, without spending time setting up your site, its lists and document libraries. It has an easy-to-use user interface and provides the necessary file structure to get started, enhancing the SharePoint functionality you need to become even more efficient. When users leave ShareControl IFRS 16 reviews, G2 also collects common questions about the day-to-day use of ShareControl IFRS 16. These questions are then answered by our community of 850k professionals. Submit your question below and join in on the G2 Discussion.