Alna IFRS 16
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Alna IFRS 16 [Powered by SOFT4] is a Microsoft Dynamics NAV solution for companies that lease assets or services and prepare financial statements in accordance with the International Financial Reporting Standards (IFRS).
Alna IFRS 16 ensures your financial statement compliance with IFRS 16 and helps save time and resources.
Importing and exporting agreement data
Import lease agreement data to the system using Webservices, XLS or XML files. Alna IFRS 16 can be also integrated with most asset management, contract management or accounting systems.
Lease agreement management
Manage all of your lease agreements in a single system, including: unsigned contracts, active contracts and expired or terminated contracts.
Automated lease term updates
If you change the terms of an active lease, Alna IFRS 16 will automatically register the updated financial data in the general ledger.
Financial reports in accordance with IFRS 16
Prepare financial reports that comply with IFRS 16 in just a few clicks.
Lease liability accounting
Calculate your lease commitments: upcoming payments, total remaining payments, residual asset value. If you change the contract components, the system will automatically adjust your lease obligations.
Calculate the right-of-use value taking into account lease liability, costs prior to the commencement of the lease and other expected costs for the asset such as: equipment dismantling costs, repair costs, etc.
Service accounting in accordance with IFRS 16
If the lease agreement specifies not only the terms of the lease but also the associated services, they are classified as operating expenses and are not subject to interest expenditure.
Lease term analysis
Alna IFRS 16 will help to analyze the duration and terms of your lease agreements and will enable you to make the right choice regarding signing a contract, terminating it early or exercising the extension option.
Variable payment accounting
Alna IFRS 16 will allow you to account for leases with variable payments that depend on a specific index f.e.:
- Consumer Price Index (CPI)
- The interest rate index (LIBOR, EURIBOR).
General ledger integration
You will always have detailed financial reports of your General ledger transactions at hand. These reports can then be integrated with your accounting system using Web Services, XLS or XML files.
Suitable for corporate groups
Alna IFRS 16 allows basic lease accounting of other companies in your corporate group.
Why choose Alna IFRS 16?
Fully compliant with IFRS 16.
Easy to start and use.
Less time spent on administrative work.
Efficient agreement management.
General ledger transaction reports are always at hand.
Always make the right choice between signing a contract, terminating it early or exercising the extension option.
Alna IFRS 16 ensures compliance with International Financial Reporting Standards and reduces the time spent on administrative work.
Alna IFRS 16 has helped us to ensure a smooth transition to IFRS 16 accounting standard and save time. All of the processes related to rent and lease accounting are now performed in a unified system, and the required financial statements are always at hand.
Head of Accounting at Klaipėdos nafta