{"id":23,"date":"2020-12-03T11:47:50","date_gmt":"2020-12-03T11:47:50","guid":{"rendered":"https:\/\/c2test.techfinium.com\/?page_id=23"},"modified":"2021-05-17T10:16:58","modified_gmt":"2021-05-17T10:16:58","slug":"software","status":"publish","type":"page","link":"https:\/\/uat.leasetracker.co.za\/index.php\/software\/","title":{"rendered":"Software"},"content":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1620652237714{padding-top: 80px !important;padding-bottom: 50px !important;}&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_column_text]<\/p>\n<h1 style=\"text-align: center;\">Software<\/h1>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<h3 style=\"text-align: center; color: #808080;\">The <span style=\"color: #206c8f;\">new IFRS 16 accounting standard <\/span>is effective 1 January 2019 and will affect all companies which lease assets. These leases will be required to be capitalised under the new accounting standard, changing the way your company calculates and accounts for asset leases.<\/h3>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1620652304449{padding-top: 80px !important;padding-bottom: 76px !important;background-color: #206c8f !important;}&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_row_inner][vc_column_inner][vc_single_image image=&#8221;165&#8243; img_size=&#8221;medium&#8221; alignment=&#8221;center&#8221;][vc_column_text]<\/p>\n<h3 style=\"text-align: center; color: #fff;\"><strong>Cloud-based<\/strong>, Systematic &amp; Centralised<\/h3>\n<p style=\"text-align: center; color: #fff;\">Upload your lease data with ease. Ensure all your critical lease<br \/>\ninformation is centralised in one place.<\/p>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column width=&#8221;1\/2&#8243;]<div class=\"infobox\" ><div class=\"infobox_wrapper\"><\/p>\n<ul>\n<li>Fixed and variable rentals.<\/li>\n<li>Reporting using IRR or IBR.<\/li>\n<li>All lease documents in centralised paperless cloud based environment.<\/li>\n<li>Geo tag and map all your assets.<\/li>\n<li>Receive system notifications and flags on upcoming lease renewals.<\/li>\n<li>Have all lease information at hand to make quick and efficient financial, operational and legal decisions.<\/li>\n<\/ul>\n<p><\/div><\/div>\n[\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1620653232544{padding-top: 80px !important;padding-bottom: 76px !important;background-color: #e8e8e8 !important;}&#8221;][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;177&#8243; img_size=&#8221;medium&#8221; alignment=&#8221;center&#8221;][vc_column_text]<\/p>\n<h3 style=\"text-align: center; color: #808080;\"><strong style=\"color: #206c8f;\">Lease<\/strong> Remeasurements<br \/>\n&amp; Modifications<\/h3>\n<p style=\"text-align: center;\">Let the system calculate all your lease amendments<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Renewals<\/li>\n<li>Covid 19 rental abatements and forgiveness<\/li>\n<li>Terminations<\/li>\n<li>Purchase price &amp; residual guarantee changes<\/li>\n<li>Change in rental payments<\/li>\n<li>Change in asset size<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;182&#8243; img_size=&#8221;medium&#8221; alignment=&#8221;center&#8221;][vc_column_text]<\/p>\n<h3 style=\"text-align: center; color: #808080;\"><strong style=\"color: #206c8f;\">Financial<\/strong>\u00a0Reports &amp; journals<\/h3>\n<p style=\"text-align: center;\">Financial reports at a click of a button<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Statement of financial position and profit and loss<\/li>\n<li>Financial statement disclosures<\/li>\n<li>Future rentals<\/li>\n<li>Accounting journals<\/li>\n<li>Retrospective adjustment journals<\/li>\n<li>Operational reports<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1620653697766{padding-top: 80px !important;padding-bottom: 76px !important;}&#8221;][vc_column][vc_row_inner css=&#8221;.vc_custom_1620654053574{background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<h3 style=\"text-align: center; color: #808080;\"><strong style=\"color: #206c8f;\">Right of use <\/strong>depreciation &amp; liability amortisation schedules<\/h3>\n<p style=\"text-align: center;\">System generated schedules that will determine the financial reporting output<\/p>\n<p>[\/vc_column_text][vc_btn title=&#8221;Contact Us&#8221; shape=&#8221;square&#8221; color=&#8221;primary&#8221; align=&#8221;center&#8221; link=&#8221;url:https%3A%2F%2Fc2test.techfinium.com%2Findex.php%2Fcontact-us%2F|title:Contact%20us&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1620654153979{padding-top: 175px !important;padding-bottom: 175px !important;background-image: url(https:\/\/c2test.techfinium.com\/wp-content\/uploads\/2021\/05\/right-of-use_pic.jpg?id=185) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1620652237714{padding-top: 80px !important;padding-bottom: 50px !important;}&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_column_text] Software [\/vc_column_text][vc_column_text] The new IFRS 16 accounting standard is effective 1 January 2019 and will affect all companies which<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Software - Lease Tracker<\/title>\n<meta name=\"description\" content=\"The new IFRS 16 accounting standard is effective 1 January 2019 and will affect all companies which lease assets. 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