BDO Lease Management Services
BDO's IFRS Advisory Team is very excited to offer BDO Lease Management Services (that is, outsourcing services using BDO Lead) to our clients, including our non-public interest entity audit clients.
BDO Lease Management Services will help reduce costs and improve efficiencies by allowing BDO IFRS Advisory to manage all your leases in your lease portfolio and provide you with the information you need to account for your leases under AASB 16.
This approach is beneficial when transitioning to AASB 16 – no other software solution can offer the IFRS insights that our IFRS advisors can offer you during the critical phases of your AASB 16 implementation project. However, this approach is most beneficial with the ongoing changes to leases as illustrated by the diagram below.
The benefits to you
Some of the benefits of using BDO Lease Management Services include:
Process to get ready for date of initial application (e.g. 1 July 2019)
BDO Lease Management Services to get clients ready for the date of initial application are illustrated below:
Ongoing monthly process
After initial application, BDO Lease Management Services continues to assist clients on a monthly basis as follows: