Benefits  |  How it works  |  Request a demo  |  FAQs
 

The KPMG Lease Reporting Model is an easy-to-use model to capture and account for leases under AASB 16.

Under AASB 16, organisations are required to disclose the majority of operating leases on the balance sheet. Leases which were previously recognised off-balance sheet, will now be accounted for as right-of-use (RoU) assets and lease liabilities to provide stakeholders more transparency regarding the organisation's future leasing obligations.

The Lease Reporting Model is a simple, easy-to-use solution that generates the leasing schedule, RoU asset and lease liability balances, as well as subsequent journal entries required under AASB 16 over the life of a lease. The solution allows organisations to efficiently track leases without the complexities and costs often associated with large accounting systems.


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What are the benefits to you?

1

Tailored

Easy setup tailored to an organisation's lease reporting needs.

2

Versatile

Versatility to capture a variety of leasing scenarios.

3

Disciplined

Efficient to use, with a controlled workflow.

4

Insights

A variety of reports allow users to quickly analyse and assist in preparation of AASB 16 disclosures.

5

Transparent

Calculations and assumptions are clear, traceable and auditable.

6

Expertise

Developed and supported by accountants for accountants.

How it works

Simple and intuitive interface that helps step you through the lease planning process.

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    Simplified

    Simplify your lease reporting.

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    Intuitive

    Intuitive data entry.

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    Easy to use

    Easy to review.

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    Focused

    Focused reporting.

  1. ✔︎
    Client can input leasing information relevant towards AASB 16 calculations in a simple, form-like capture. Items such as start and end date, payment amount, how often payments are made, if there are fixed or variable rental changes, discount rate etc are included. The input form can also capture reporting items such as asset class, location, cost centre etc, asset costs and incentives, plus end of lease payments.
  2. ✔︎
    Once the data is input, Lease Liability and Right of Use Asset schedules are generated per lease which can then be saved to the lease portfolio.
  3. ✔︎
    When the time is needed, clients can generate journal entries and various types of reports across a bespoke variety of time periods, with no limitation on how many reports or time periods to run. These reports are fluid and can be manipulated as needed by the client for as they see fit.

FAQs

How long does it take to implement KPMG Lease Reporting Model?

Implementation takes as little as a few weeks, depending on the volume of data, training needs and breadth of the onboarding.

Who is the KPMG Lease Reporting Model best for?

Anyone who is looking to simplify and automate their lease reporting requirements. Generally anyone with a lease portfolio of 20 – 1,000 leases.

What system does KPMG Lease Reporting Model use?

KPMG Lease Reporting Model allows users to work in a familiar Microsoft Office with built-in automation functions and calculations to avoid human error.

Is KPMG Lease Reporting Model easy to use?

Yes. KPMG Lease Reporting Model is simple to use and navigate for the end-user through a highly simplified task-focused interface. There are user guides and training videos available with on-call support a phone call or email away.

Where is the data stored?

All data is stored within the file.