Spreadsheets are great…just not for IFRS 16!

Posted by Damon Kennedy on Jul 15, 2019 12:39:24 PM

In the world of accounting, a spreadsheet is like a family member – something to rely on, something to trust, something to cuddle…well two out of three isn’t bad.  Spreadsheets are a fundamental part of our accounting environment, but today we would like to look at some of the reasoning why the utilisation of just spreadsheets for such a business-critical task such as IFRS 16 compliance might be akin to reverting back to the classic blackboard and could possibly open your business up to risks that can be easily mitigated when using a specialised lease accounting system.

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Topics: Leases, asset leasing, asset finance, Quadrent

Leasing - Why would you own it?

Posted by Paula Macris on Jul 4, 2019 8:27:35 AM

We often get asked - why would we lease? Especially from large Corporates who argue cheap debt is one their perks. The answer may surprise you.

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Topics: Leases, asset leasing, asset finance, Quadrent

Meet LOIS at the 2018 CPA Congress

Posted by Paula Macris on Sep 27, 2018 10:06:34 AM

LOIS and Quadrent are an official Keynote Sponsor at the CPA Congress this October in Auckland and Melbourne.

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Topics: Leases, asset leasing, asset finance, LOIS, lease accounting software, Quadrent, new accounting standards

Over 100 Leases - You need a system

Posted by Thelma Welgemoed on Aug 23, 2018 3:16:32 PM

If you have over 100 leases the experts are saying that you will need a leasing system for compliance to IFRS when transitioning to IFRS 16.  The complexities involved in data collection and reporting are too complex to be done in Excel.

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Topics: asset leasing, asset finance, lease accounting software, new accounting standards

All About LOIS

Posted by Danielle Prendergast on Mar 26, 2018 11:33:58 AM

Check out the new look and feel of our relaunched our LOIS website! 

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Topics: asset leasing, asset finance, lease accounting software, new accounting standards

That's right, we lease wine barrels too..

Posted by Danielle Prendergast on Feb 7, 2018 12:25:53 PM

60% of the equipment we lease is IT related, but you may be surprised at some of the assets in the other 40%, like wine barrels!

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Topics: wine barrels, asset leasing, asset finance