Outsourced Lease Management Service

What is our BDO Lease Management Services?

BDO Lease Management Services will help reduce costs and improve efficiencies by allowing BDO IFRS Lease Advisory to manage all your leases in your lease portfolio and provide the information you need to account for your leases under IFRS 16(AASB16).

This approach will be most beneficial because we will be transitioning your lease information to our system, whether it is in excel or on another system. Our experts will make this as easy as possible for you.

Our Lease Management Services include:

Conducting a thorough analysis to support your policy decisions before transitioning to our Lease Management Service 

Providing your staff with relevant IFRS 16 learning materials

Uploading your data into BDO Lead 

Offering guidance to assist your project team gather the necessary outstanding lease accounting data 

Providing monthly accounting journals and audit information tailored to your organisation’s format and level of detail

Going a step further by providing assistance with sublease accounting and make-good provision discounting.

What is the implementation process with BDO Lease Management Services?

PROCESS DIAGRAM 1

STEP 1: LEARNING
BDO provides learning on how to capture the lease information in a standard Excel spreadsheet as well as IFRS 16 .

STEP 2: INPUTTING OF DATA
The client populates the Excel spreadsheet with all the lease data (BDO can assist with contract analysis).

STEP 3: READINESS CHECK
BDO to review and assess the accuracy and completeness of the population of the lease data in the Excel spreadsheet.

STEP 4: UPLOADING OF DATA
BDO imports the lease data from the Excel spreadsheet into the BDO Lead software.

STEP 5: IMPACT ASSESSMENT (if required)
BDO uses the imported data to prepare an impact assessment for each requested Transitional Method.

STEP 6: DATA VALIDATION
The client selects the appropriate transitional method and confirms the accuracy and completeness of the lease data, including assessments.

STEP 7: THE JOURNALS
BDO provides the journals with input on the date of initial application and subsequent periods based on the selected transitional method.

STEP 8: REQUIRED INFORMATION
Client to confirm the required monthly information and frequency of correspondence with BDO.

What are the benefits of BDO Lease Management Service?

The benefits:

No need to invest in or acquire the software

Lower cost and no complex IT implementation projects

Business resources are free for alternative use

Saves time- consuming learning about the requirements of the new leasing standard

Ongoing access to our IFRS Advisory specialists

Audit trail provided for you and your auditor

Assistance with auditor lease queries.

Please contact us or any of our friendly and professional IFRS & Corporate Reporting experts to discuss how we can help you to take the pain out of lease accounting and address your IFRS 16 related business problems.

Explore further details about managing your lease accounting independently with our BDO Lead software.