{"id":2156,"date":"2019-12-19T14:48:38","date_gmt":"2019-12-19T14:48:38","guid":{"rendered":"https:\/\/visuallease.com\/?page_id=2156"},"modified":"2025-06-13T16:41:21","modified_gmt":"2025-06-13T20:41:21","slug":"ifrs-16","status":"publish","type":"page","link":"https:\/\/visuallease.com\/compliance\/ifrs-16\/","title":{"rendered":"IFRS 16 Compliant Lease Accounting Software"},"content":{"rendered":"[vc_row type=&#8221;full_width_background&#8221; full_screen_row_position=&#8221;middle&#8221; bg_image=&#8221;9505&#8243; bg_position=&#8221;center top&#8221; bg_repeat=&#8221;no-repeat&#8221; parallax_bg=&#8221;true&#8221; parallax_bg_speed=&#8221;fast&#8221; bg_color=&#8221;#333333&#8243; scene_position=&#8221;center&#8221; text_color=&#8221;light&#8221; text_align=&#8221;left&#8221; top_padding=&#8221;5%&#8221; bottom_padding=&#8221;5%&#8221; enable_gradient=&#8221;true&#8221; color_overlay=&#8221;#0d65a3&#8243; color_overlay_2=&#8221;#199ed0&#8243; gradient_direction=&#8221;left_b_to_right_t&#8221; overlay_strength=&#8221;0.8&#8243; shape_divider_position=&#8221;bottom&#8221; shape_type=&#8221;&#8221;][vc_column centered_text=&#8221;true&#8221; column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_row_inner column_margin=&#8221;default&#8221; text_align=&#8221;left&#8221;][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_custom_heading text=&#8221;IFRS 16 compliance&#8221; font_container=&#8221;tag:h1|text_align:center|color:%23ffffff&#8221; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:700%20bold%20regular%3A700%3Anormal&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner column_margin=&#8221;default&#8221; text_align=&#8221;left&#8221;][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; delay=&#8221;300&#8243;][vc_custom_heading text=&#8221;We help 1,500+ organizations stay IFRS 16 compliant year-round with our IFRS lease accounting and administration software. Drop the stress of worrying about your lease data and become confident in your ongoing compliance.&#8221; font_container=&#8221;tag:div|font_size:20|text_align:center|color:rgba(255%2C255%2C255%2C0.7)|line_height:36px&#8221; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal&#8221; css=&#8221;.vc_custom_1692811607455{padding-right: 10% !important;padding-left: 10% !important;}&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner column_margin=&#8221;default&#8221; text_align=&#8221;left&#8221;][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; delay=&#8221;450&#8243;][nectar_btn size=&#8221;large&#8221; open_new_tab=&#8221;true&#8221; button_style=&#8221;regular&#8221; button_color_2=&#8221;Accent-Color&#8221; icon_family=&#8221;none&#8221; url=&#8221;https:\/\/visuallease.com\/ifrs-16-esg-demo\/&#8221; text=&#8221;Request a Demo&#8221; margin_top=&#8221;10&#8243; margin_right=&#8221;10&#8243; margin_bottom=&#8221;10&#8243; margin_left=&#8221;10&#8243;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=&#8221;full_width_background&#8221; full_screen_row_position=&#8221;middle&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; top_padding=&#8221;2%&#8221; bottom_padding=&#8221;2%&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/2&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; offset=&#8221;vc_col-xs-12&#8243;]<div class=\"img-with-aniamtion-wrap right\" data-max-width=\"125%\" data-border-radius=\"none\"><div class=\"inner\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"741\" width=\"1156\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2021\/08\/Lease-DetailsArtboard-1.png\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2021\/08\/Lease-DetailsArtboard-1.png 1156w, https:\/\/visuallease.com\/wp-content\/uploads\/2021\/08\/Lease-DetailsArtboard-1-300x192.png 300w, https:\/\/visuallease.com\/wp-content\/uploads\/2021\/08\/Lease-DetailsArtboard-1-1024x656.png 1024w, https:\/\/visuallease.com\/wp-content\/uploads\/2021\/08\/Lease-DetailsArtboard-1-768x492.png 768w\" sizes=\"100vw\" alt=\"Lease-Details\" \/><\/div><\/div>[\/vc_column][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/2&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; offset=&#8221;vc_col-xs-12&#8243;][vc_row_inner column_margin=&#8221;default&#8221; text_align=&#8221;left&#8221;][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; delay=&#8221;100&#8243;][vc_column_text css_animation=&#8221;none&#8221; css=&#8221;.vc_custom_1673445389901{margin-top: 20px !important;margin-bottom: 5px !important;}&#8221;]\n<h2>Maintain IFRS 16 compliance through every change.<\/h2>\n[\/vc_column_text][vc_custom_heading text=&#8221;As your leases evolve, it\u2019s hard to keep up. Visual Lease makes it easy to handle the complexity of lease contracts, projects and workflows. And our lease accounting and administration software provides auditability through every change, so you never have to question your data.&#8221; font_container=&#8221;tag:p|text_align:left|color:rgba(10%2C10%2C10%2C0.75)&#8221; use_theme_fonts=&#8221;yes&#8221; css_animation=&#8221;none&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=&#8221;full_width_background&#8221; full_screen_row_position=&#8221;middle&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; top_padding=&#8221;2%&#8221; bottom_padding=&#8221;2%&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; offset=&#8221;vc_col-xs-12&#8243;]<div class=\"divider-wrap\"><div style=\"height: 25px;\" class=\"divider\"><\/div><\/div>[\/vc_column][\/vc_row][vc_row type=&#8221;full_width_background&#8221; full_screen_row_position=&#8221;middle&#8221; bg_color=&#8221;#ffffff&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; class=&#8221;ct_title&#8221; overlay_strength=&#8221;0.5&#8243; shape_divider_position=&#8221;bottom&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_row_inner column_margin=&#8221;default&#8221; top_padding=&#8221;1%&#8221; text_align=&#8221;left&#8221;][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;padding-3-percent&#8221; column_padding_position=&#8221;all&#8221; centered_text=&#8221;true&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/2&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap center\" data-max-width=\"100%\" data-border-radius=\"none\"><div class=\"inner\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"100\" width=\"100\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Automated-Lease-Accounting.png\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Automated-Lease-Accounting.png 100w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Automated-Lease-Accounting-24x24.png 24w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Automated-Lease-Accounting-48x48.png 48w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Automated-Lease-Accounting-96x96.png 96w\" sizes=\"100vw\" alt=\"Automated Lease Accounting icon\" \/><\/div><\/div>[vc_column_text css_animation=&#8221;none&#8221; css=&#8221;.vc_custom_1719590596925{margin-bottom: 15px !important;}&#8221;]\n<h3>Automated Lease Accounting<\/h3>\n[\/vc_column_text][vc_custom_heading text=&#8221;Supercharge your lease accounting process with automated software that delivers unparalleled efficiency and eliminates errors, ensuring flawless compliance.&#8221; font_container=&#8221;tag:p|text_align:center|color:rgba(0%2C0%2C0%2C0.65)&#8221; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;none&#8221;][\/vc_column_inner][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;padding-3-percent&#8221; column_padding_position=&#8221;all&#8221; centered_text=&#8221;true&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/2&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap center\" data-max-width=\"100%\" data-border-radius=\"none\"><div class=\"inner\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"100\" width=\"100\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Requirements.png\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Requirements.png 100w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Requirements-24x24.png 24w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Requirements-48x48.png 48w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Requirements-96x96.png 96w\" sizes=\"100vw\" alt=\"requirements icon\" \/><\/div><\/div>[vc_column_text css_animation=&#8221;none&#8221; css=&#8221;.vc_custom_1719590589513{margin-bottom: 15px !important;}&#8221;]\n<h3>Configured to meet all IFRS 16 Disclosure Requirements<\/h3>\n[\/vc_column_text][vc_custom_heading text=&#8221;Take your lease accounting to the next level with software that can be tailored to meet all IFRS 16 disclosure requirements.&#8221; font_container=&#8221;tag:p|text_align:center|color:rgba(0%2C0%2C0%2C0.65)&#8221; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;none&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner column_margin=&#8221;default&#8221; top_padding=&#8221;1%&#8221; text_align=&#8221;left&#8221;][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;padding-3-percent&#8221; column_padding_position=&#8221;all&#8221; centered_text=&#8221;true&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/2&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap center\" data-max-width=\"100%\" data-border-radius=\"none\"><div class=\"inner\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"100\" width=\"100\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Data-Entry-Validation.png\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Data-Entry-Validation.png 100w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Data-Entry-Validation-24x24.png 24w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Data-Entry-Validation-48x48.png 48w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Data-Entry-Validation-96x96.png 96w\" sizes=\"100vw\" alt=\"Data Entry Validation icon\" \/><\/div><\/div>[vc_column_text css_animation=&#8221;none&#8221; css=&#8221;.vc_custom_1719590651935{margin-bottom: 15px !important;}&#8221;]\n<h3><span class=\"TextRun Highlight SCXW45702434 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW45702434 BCX0\">Comprehensive Data Entry Validation<\/span><\/span><\/h3>\n[\/vc_column_text][vc_custom_heading text=&#8221;Experience peace of mind and increased confidence in your lease management processes with robust validation features. Prevent errors, promote accurate financial data, and enhance internal controls, ensuring reliable and trustworthy lease information.&#8221; font_container=&#8221;tag:p|text_align:center|color:rgba(0%2C0%2C0%2C0.65)&#8221; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;none&#8221;][\/vc_column_inner][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;padding-3-percent&#8221; column_padding_position=&#8221;all&#8221; centered_text=&#8221;true&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/2&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap center\" data-max-width=\"100%\" data-border-radius=\"none\"><div class=\"inner\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"100\" width=\"100\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Role-Based-Access.png\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Role-Based-Access.png 100w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Role-Based-Access-24x24.png 24w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Role-Based-Access-48x48.png 48w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Role-Based-Access-96x96.png 96w\" sizes=\"100vw\" alt=\"role based access icon\" \/><\/div><\/div>[vc_column_text css_animation=&#8221;none&#8221; css=&#8221;.vc_custom_1719590685075{margin-bottom: 15px !important;}&#8221;]\n<h3>Role-Based Access<\/h3>\n[\/vc_column_text][vc_custom_heading text=&#8221;By providing tailored access permissions, you get maximized data security, enhanced collaboration, and access to top-notch information for more impactful decision-making.&#8221; font_container=&#8221;tag:p|text_align:center|color:rgba(0%2C0%2C0%2C0.65)&#8221; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;none&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=&#8221;full_width_background&#8221; full_screen_row_position=&#8221;middle&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; top_padding=&#8221;80&#8243; bottom_padding=&#8221;80&#8243; class=&#8221;loved_customers _custom_width_section custom_point_bottom_left_2&#8243; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221; 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text_align=&#8221;left&#8221;][vc_column_inner column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap \" data-max-width=\"100%\" data-border-radius=\"5px\"><div class=\"inner\"><a href=\"https:\/\/visuallease.com\/real-estate-lease-accounting-5-mistakes-to-avoid\/\" target=\"_self\" class=\"\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"3569\" width=\"5353\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2019\/06\/Mistakes-to-avoid.jpg\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2019\/06\/Mistakes-to-avoid.jpg 5353w, https:\/\/visuallease.com\/wp-content\/uploads\/2019\/06\/Mistakes-to-avoid-300x200.jpg 300w, https:\/\/visuallease.com\/wp-content\/uploads\/2019\/06\/Mistakes-to-avoid-768x512.jpg 768w, https:\/\/visuallease.com\/wp-content\/uploads\/2019\/06\/Mistakes-to-avoid-1024x683.jpg 1024w, https:\/\/visuallease.com\/wp-content\/uploads\/2019\/06\/Mistakes-to-avoid-900x600.jpg 900w\" sizes=\"100vw\" alt=\"business meeting\" \/><\/a><\/div><\/div>[\/vc_column_inner][\/vc_row_inner][vc_row_inner column_margin=&#8221;default&#8221; text_align=&#8221;left&#8221;][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; delay=&#8221;1000&#8243;]<div class=\"divider-wrap\"><div style=\"height: 10px;\" class=\"divider\"><\/div><\/div>[vc_custom_heading text=&#8221;Real Estate Lease Accounting: 5 Mistakes to Avoid&#8221; font_container=&#8221;tag:div|font_size:20|text_align:center|color:%23000000|line_height:1.5&#8243; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:700%20bold%20regular%3A700%3Anormal&#8221; link=&#8221;url:https%3A%2F%2Fvisuallease.com%2Freal-estate-lease-accounting-5-mistakes-to-avoid%2F|||&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=&#8221;full_width_content&#8221; full_screen_row_position=&#8221;middle&#8221; bg_color=&#8221;#ceeafd&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;center&#8221; top_padding=&#8221;2%&#8221; class=&#8221;img_contain_resize_cs&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;padding-3-percent&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/3&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_row_inner column_margin=&#8221;default&#8221; text_align=&#8221;center&#8221;][vc_column_inner column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap \" data-max-width=\"100%\" data-border-radius=\"5px\"><div class=\"inner\"><a href=\"https:\/\/visuallease.com\/key-difference-gaap-ifrs-new-lease-standards\/\" target=\"_self\" class=\"\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"350\" width=\"1016\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2021\/06\/VL_12.07_BlogPost.png\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2021\/06\/VL_12.07_BlogPost.png 1016w, https:\/\/visuallease.com\/wp-content\/uploads\/2021\/06\/VL_12.07_BlogPost-300x103.png 300w, https:\/\/visuallease.com\/wp-content\/uploads\/2021\/06\/VL_12.07_BlogPost-768x265.png 768w\" sizes=\"100vw\" alt=\"man working\" \/><\/a><\/div><\/div>[\/vc_column_inner][\/vc_row_inner][vc_row_inner column_margin=&#8221;default&#8221; text_align=&#8221;left&#8221;][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"divider-wrap\"><div style=\"height: 10px;\" class=\"divider\"><\/div><\/div>[vc_custom_heading text=&#8221;Lease Accounting: The Key Difference Between the GAAP and IFRS New Lease Standards&#8221; font_container=&#8221;tag:div|font_size:20|text_align:center|color:%23000000|line_height:1.5&#8243; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:700%20bold%20regular%3A700%3Anormal&#8221; link=&#8221;url:https%3A%2F%2Fvisuallease.com%2Fkey-difference-gaap-ifrs-new-lease-standards%2F|||&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column column_padding=&#8221;padding-3-percent&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/3&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_row_inner column_margin=&#8221;default&#8221; text_align=&#8221;left&#8221;][vc_column_inner column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap \" data-max-width=\"100%\" data-border-radius=\"5px\"><div class=\"inner\"><a href=\"https:\/\/visuallease.com\/2020-guide-to-ifrs-16-lease-accounting-software\/\" target=\"_self\" class=\"\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"533\" width=\"755\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2021\/02\/mockup-in-laptop-with-hands.jpg\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2021\/02\/mockup-in-laptop-with-hands.jpg 755w, https:\/\/visuallease.com\/wp-content\/uploads\/2021\/02\/mockup-in-laptop-with-hands-300x212.jpg 300w\" sizes=\"100vw\" alt=\"computer with VL on screen\" \/><\/a><\/div><\/div>[\/vc_column_inner][\/vc_row_inner][vc_row_inner column_margin=&#8221;default&#8221; text_align=&#8221;left&#8221;][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; delay=&#8221;500&#8243;]<div class=\"divider-wrap\"><div style=\"height: 10px;\" class=\"divider\"><\/div><\/div>[vc_custom_heading text=&#8221;2022 Guide to IFRS 16 Lease Accounting Software<br \/>\n&#8221; font_container=&#8221;tag:div|font_size:20|text_align:center|color:%23000000|line_height:1.5&#8243; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:700%20bold%20regular%3A700%3Anormal&#8221; link=&#8221;url:https%3A%2F%2Fvisuallease.com%2F2020-guide-to-ifrs-16-lease-accounting-software%2F|||&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column column_padding=&#8221;padding-3-percent&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/3&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_row_inner column_margin=&#8221;default&#8221; text_align=&#8221;left&#8221;][vc_column_inner column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap \" data-max-width=\"100%\" data-border-radius=\"5px\"><div class=\"inner\"><a href=\"https:\/\/visuallease.com\/a-complete-guide-to-lease-accounting\/\" target=\"_self\" class=\"\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"920\" width=\"2000\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2019\/02\/adult-asking-blur-630839-1.jpg\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2019\/02\/adult-asking-blur-630839-1.jpg 2000w, https:\/\/visuallease.com\/wp-content\/uploads\/2019\/02\/adult-asking-blur-630839-1-300x138.jpg 300w, https:\/\/visuallease.com\/wp-content\/uploads\/2019\/02\/adult-asking-blur-630839-1-768x353.jpg 768w, https:\/\/visuallease.com\/wp-content\/uploads\/2019\/02\/adult-asking-blur-630839-1-1024x471.jpg 1024w\" sizes=\"100vw\" alt=\"business meeting\" \/><\/a><\/div><\/div>[\/vc_column_inner][\/vc_row_inner][vc_row_inner column_margin=&#8221;default&#8221; text_align=&#8221;left&#8221;][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; delay=&#8221;1000&#8243;]<div class=\"divider-wrap\"><div style=\"height: 10px;\" class=\"divider\"><\/div><\/div>[vc_custom_heading text=&#8221;Lease Accounting Standards Guide<br \/>\n&#8221; font_container=&#8221;tag:div|font_size:20|text_align:center|color:%23000000|line_height:1.5&#8243; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:700%20bold%20regular%3A700%3Anormal&#8221; link=&#8221;url:https%3A%2F%2Fvisuallease.com%2Fa-complete-guide-to-lease-accounting%2F|||&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=&#8221;full_width_background&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; top_padding=&#8221;80&#8243; bottom_padding=&#8221;80&#8243; class=&#8221;faq_vl_cs&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_custom_heading text=&#8221;IFRS 16 Frequently Asked Questions&#8221; font_container=&#8221;tag:h2|font_size:30|text_align:center|color:%23032e42|line_height:1.4&#8243; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:700%20bold%20regular%3A700%3Anormal&#8221; css=&#8221;.vc_custom_1623771513374{margin-bottom: 40px !important;}&#8221; el_class=&#8221;f_pop&#8221;]<div class=\"toggles \" data-style=\"minimal\"><div class=\"toggle default\"><h3><a href=\"#\"><i class=\"icon-plus-sign\"><\/i>What is IFRS 16?<\/a><\/h3><div>[vc_column_text]IFRS 16 also known as International Financial Reporting Standard 16, is an accounting standard issued by the International Accounting Standards Board (IASB). It primarily focuses on lease accounting and replaces the previous standard IAS 17.<\/p>\n<ul>\n<li>IFRS 16 introduces significant changes in the way leases are recognized, measured, and presented in financial statements. It aims to provide a more accurate representation of an organization&#8217;s leasing activities and their impact on financial statements. The standard applies to all leases, including both lessees (the party that obtains the right to use an asset) and lessors (the party that grants the right to use an asset). For more information, check out our <a href=\"https:\/\/visuallease.com\/what-is-ifrs-16-what-do-i-need-to-know\/\">IFRS 16 Summary<\/a> blog.<\/li>\n<\/ul>\n[\/vc_column_text]<\/div><\/div><div class=\"toggle default\"><h3><a href=\"#\"><i class=\"icon-plus-sign\"><\/i>When was the IFRS 16 effective date?<\/a><\/h3><div>[vc_column_text]The effective date for IFRS 16, as set by the International Accounting Standards Board (IASB), was January 1, 2019. This means that companies were required to apply the standard to their financial statements for reporting periods beginning on or after January 1, 2019.[\/vc_column_text]<\/div><\/div><div class=\"toggle default\"><h3><a href=\"#\"><i class=\"icon-plus-sign\"><\/i>Who does IFRS 16 apply to?<\/a><\/h3><div>[vc_column_text]IFRS 16 applies to both lessees (the party that obtains the right to use an asset) and lessors (the party that grants the right to use an asset). It is applicable to entities that prepare their financial statements in accordance with International Financial Reporting Standards (IFRS), which includes many countries around the world.<\/p>\n<p>The standard applies to a wide range of entities, including but not limited to:<\/p>\n<ol>\n<li>Publicly traded companies listed on stock exchanges that follow IFRS.<\/li>\n<li>Private companies that choose to adopt IFRS voluntarily.<\/li>\n<li>Not-for-profit organizations that prepare their financial statements using IFRS.<\/li>\n<li>Government entities that follow IFRS for their financial reporting.<\/li>\n<\/ol>\n<p>IFRS 16 will have a significant impact on companies that have relied on off-balance sheet financing in the form of operating leases, particularly in the airline, retail, transportation, telecommunication, and energy sectors.[\/vc_column_text]<\/div><\/div><\/div>[\/vc_column][\/vc_row][vc_row type=&#8221;full_width_background&#8221; full_screen_row_position=&#8221;middle&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221; bg_color=&#8221;#ceeafd&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; top_padding=&#8221;80&#8243; bottom_padding=&#8221;80&#8243; id=&#8221;save-time&#8221; row_name=&#8221;Save Time&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/2&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap right\" data-max-width=\"100%\" data-border-radius=\"none\"><div class=\"inner\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"741\" width=\"952\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2021\/08\/Lease-Details-Financials.png\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2021\/08\/Lease-Details-Financials.png 952w, https:\/\/visuallease.com\/wp-content\/uploads\/2021\/08\/Lease-Details-Financials-300x234.png 300w, https:\/\/visuallease.com\/wp-content\/uploads\/2021\/08\/Lease-Details-Financials-768x598.png 768w\" sizes=\"100vw\" alt=\"Lease-Details-Financials\" \/><\/div><\/div>[\/vc_column][vc_column column_padding=&#8221;padding-2-percent&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/2&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_row_inner content_placement=&#8221;top&#8221; column_margin=&#8221;default&#8221; text_align=&#8221;left&#8221;][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; delay=&#8221;150&#8243;][vc_custom_heading text=&#8221;IFRS 16 Lease Accounting Software that Achieves Compliance&#8221;][vc_column_text]Visual Lease is designed so you can optimize management of your lease portfolio \u2013 from IFRS 16 compliance, to ASC 842 and GASB 87. [\/vc_column_text]<div class=\"divider-wrap\"><div style=\"height: 20px;\" class=\"divider\"><\/div><\/div>[nectar_btn size=&#8221;large&#8221; open_new_tab=&#8221;true&#8221; button_style=&#8221;regular&#8221; button_color_2=&#8221;Accent-Color&#8221; icon_family=&#8221;none&#8221; url=&#8221;https:\/\/visuallease.com\/ifrs-16-esg-demo\/&#8221; text=&#8221;Schedule a Demo&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; top_padding=&#8221;80&#8243; class=&#8221;ct_title&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_row_inner column_margin=&#8221;default&#8221; top_padding=&#8221;1%&#8221; text_align=&#8221;left&#8221;][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;padding-3-percent&#8221; column_padding_position=&#8221;all&#8221; centered_text=&#8221;true&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/2&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap center\" data-max-width=\"100%\" data-border-radius=\"none\"><div class=\"inner\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"100\" width=\"100\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Full-Automation.png\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Full-Automation.png 100w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Full-Automation-24x24.png 24w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Full-Automation-48x48.png 48w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Full-Automation-96x96.png 96w\" sizes=\"100vw\" alt=\"full automation icon\" \/><\/div><\/div>[vc_column_text css_animation=&#8221;none&#8221; css=&#8221;.vc_custom_1719595753643{margin-bottom: 15px !important;}&#8221;]\n<h3>Full Automation<\/h3>\n[\/vc_column_text][vc_custom_heading text=&#8221;Harness the power of an IFRS 16 software to effortlessly streamline lease accounting, automate complex calculations, and ensure seamless compliance with the standard&#8217;s requirements, revolutionizing your IFRS workflows with efficiency and accuracy.&#8221; font_container=&#8221;tag:p|text_align:center|color:rgba(0%2C0%2C0%2C0.65)&#8221; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;none&#8221;][\/vc_column_inner][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;padding-3-percent&#8221; column_padding_position=&#8221;all&#8221; centered_text=&#8221;true&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/2&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap center\" data-max-width=\"100%\" data-border-radius=\"none\"><div class=\"inner\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"100\" width=\"100\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Guaranteed-Accuracy.png\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Guaranteed-Accuracy.png 100w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Guaranteed-Accuracy-24x24.png 24w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Guaranteed-Accuracy-48x48.png 48w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Guaranteed-Accuracy-96x96.png 96w\" sizes=\"100vw\" alt=\"guaranteed accuracy icon\" \/><\/div><\/div>[vc_column_text css_animation=&#8221;none&#8221; css=&#8221;.vc_custom_1719595778171{margin-bottom: 15px !important;}&#8221;]\n<h3>Guaranteed Accuracy<\/h3>\n[\/vc_column_text][vc_custom_heading text=&#8221;By automating lease accounting workflows and providing centralized lease data management, an IFRS 16 software eliminates human error and ensures compliance with the standard&#8217;s requirements, enabling you to accurately manage lease portfolios with ease. Additionally, with automated alerts for lease-related deadlines, an IFRS 16 software keeps you ahead of the curve, enabling timely action and seamless compliance.&#8221; font_container=&#8221;tag:p|text_align:center|color:rgba(0%2C0%2C0%2C0.65)&#8221; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;none&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner column_margin=&#8221;default&#8221; top_padding=&#8221;1%&#8221; text_align=&#8221;left&#8221;][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;padding-3-percent&#8221; column_padding_position=&#8221;all&#8221; centered_text=&#8221;true&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/2&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap center\" data-max-width=\"100%\" data-border-radius=\"none\"><div class=\"inner\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"100\" width=\"100\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Centralized-Data.png\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Centralized-Data.png 100w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Centralized-Data-24x24.png 24w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Centralized-Data-48x48.png 48w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Centralized-Data-96x96.png 96w\" sizes=\"100vw\" alt=\"centralized data icon\" \/><\/div><\/div>[vc_column_text css_animation=&#8221;none&#8221; css=&#8221;.vc_custom_1719595810185{margin-bottom: 15px !important;}&#8221;]\n<h3><span class=\"TextRun Highlight SCXW53214285 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun CommentHighlightClicked SCXW53214285 BCX0\">Access to Centralized Data<\/span><\/span><\/h3>\n[\/vc_column_text][vc_custom_heading text=&#8221;With an IFRS 16 software&#8217;s centralized data management, companies gain access to a single source of truth, streamlining documentation management, reducing manual efforts, and eliminating data discrepancies. This not only ensures accurate and up-to-date lease information but also leads to significant cost savings by minimizing administrative burdens and maximizing operational efficiency.&#8221; font_container=&#8221;tag:p|text_align:center|color:rgba(0%2C0%2C0%2C0.65)&#8221; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;none&#8221;][\/vc_column_inner][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;padding-3-percent&#8221; column_padding_position=&#8221;all&#8221; centered_text=&#8221;true&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/2&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap center\" data-max-width=\"100%\" data-border-radius=\"none\"><div class=\"inner\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"100\" width=\"100\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Cost-Effective.png\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Cost-Effective.png 100w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Cost-Effective-24x24.png 24w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Cost-Effective-48x48.png 48w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Cost-Effective-96x96.png 96w\" sizes=\"100vw\" alt=\"cost effective icon\" \/><\/div><\/div>[vc_column_text css_animation=&#8221;none&#8221; css=&#8221;.vc_custom_1719595817546{margin-bottom: 15px !important;}&#8221;]\n<h3>Cost Effective<\/h3>\n[\/vc_column_text][vc_custom_heading text=&#8221;Unleash the power of an IFRS 16 software to drive cost-effectiveness through automation and customization, slashing operational costs by eliminating manual processes, increasing efficiency, and reducing errors. By automating complex lease accounting workflows and tailoring the software to your specific needs, you can optimize resource allocation, minimize expenses, and maximize your return on investment.&#8221; font_container=&#8221;tag:p|text_align:center|color:rgba(0%2C0%2C0%2C0.65)&#8221; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal&#8221; css_animation=&#8221;none&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner column_margin=&#8221;default&#8221; top_padding=&#8221;1%&#8221; text_align=&#8221;center&#8221;][vc_column_inner column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/4&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][\/vc_column_inner][vc_column_inner enable_animation=&#8221;true&#8221; animation=&#8221;none&#8221; column_padding=&#8221;padding-3-percent&#8221; column_padding_position=&#8221;all&#8221; centered_text=&#8221;true&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/2&#8243; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;]<div class=\"img-with-aniamtion-wrap center\" data-max-width=\"100%\" data-border-radius=\"none\"><div class=\"inner\"><img decoding=\"async\" data-shadow=\"none\" data-shadow-direction=\"middle\" class=\"img-with-animation \" data-delay=\"0\" height=\"100\" width=\"100\" data-animation=\"none\" src=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Quick-and-Easy-Compliance.png\" srcset=\"https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Quick-and-Easy-Compliance.png 100w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Quick-and-Easy-Compliance-24x24.png 24w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Quick-and-Easy-Compliance-48x48.png 48w, https:\/\/visuallease.com\/wp-content\/uploads\/2024\/06\/IFRS-Quick-and-Easy-Compliance-96x96.png 96w\" sizes=\"100vw\" alt=\"compliance icon\" \/><\/div><\/div>[vc_column_text css_animation=&#8221;none&#8221; css=&#8221;.vc_custom_1719595860599{margin-bottom: 15px !important;}&#8221;]\n<h3>Quick and Easy Compliance<\/h3>\n[\/vc_column_text][vc_custom_heading text=&#8221;Experience quick and easy compliance with IFRS 16 using a powerful software solution that automates lease management, calculations, and reporting. 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