Lease Accounting

• Provides periodic journal entries and conversion entries from the operating method of lease accounting to the direct finance method of lease accounting.

Portfolio Management

• Produces detailed sub-ledger reports and accounting information on a lease by lease, securitized vs. non-securitized or total portfolio basis for monitoring purposes.

Audit

• Produces detailed continuity schedules for audit purposes showing additions, dispositions and other adjustments on a MTD and YTD basis.

Information Management

• Tracks detailed cash flow for both asset (finance contract) and liability (prepaid rent) general ledger accounts.
• Stores key information on lease customers (banking, address and contact numbers), leased asset (serial numbers/VINs), as well as basic lease/loan data required by funders and direct investors, particularly in the event of default by lessees.

AcG12 Module

• Produces set-up journal entries for securitization transactions.
• Periodic update of general ledger accounts including: liability for future service costs; reserve for future losses; and reserve for early terminations.