Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
ASC842 and IFRS16 Compliance: Achieved. Bloomberg Tax & Accounting Leased Assets oversees various leased asset categories and offers intricate calculations for right-of-use assets and lease obligations. Our software-as-a-service solution ensures precise classification, accounting, and reporting for leased assets in accordance with the new standards – IFRS 16 and ASC 842. Enhance your operational workflow through seamless integration with a range of ERP/GL/AP systems, leasing platforms, or other internal applications. Empower your clients to meet the requirements of ASC 842 and IFRS 16 with confidence. By automating lease accounting processes, you can boost overall efficiency while maintaining accuracy through detailed calculations. Additionally, our solution supports businesses in adapting to changing regulations with ease.
Description
Convert your business logic into automated workflows powered by AI, allowing you to prioritize strategic initiatives instead of getting bogged down in spreadsheets. By optimizing your transactions that span various isolated systems, you can enhance your ability to oversee entire cross-entity transaction chains effectively. Nominal standardizes and consolidates data from disparate accounting systems, guaranteeing that accurate financial data is readily accessible in a single location. It not only identifies, recommends, and executes end-to-end transactions but also manages inter-company eliminations, resulting in clean and audit-ready financial records. Seamlessly integrating with your accounting software and the broader financial ecosystem, Nominal’s twin-ledger provides a multi-entity general ledger that remains consistently synchronized with all your financial records, eliminating the need for migration and minimizing risk. Additionally, Nominal supports third-party integrations alongside built-in sub-ledgers to ensure adherence to accounting regulations like lease accounting and revenue recognition. By leveraging the capabilities of generative AI, you can effortlessly automate and refine your distinct business processes for greater efficiency and productivity. This innovative approach empowers businesses to adapt seamlessly to changing environments while maintaining financial accuracy.
API Access
Has API
No
API Access
Has API
No
Integrations
FundCount
Yes
Google Sheets
No
Microsoft Excel
No
NetSuite
No
Priority Software
No
QuickBooks Online
No
Sage 100
No
Xero
No
Integrations
FundCount
No
Google Sheets
Yes
Microsoft Excel
Yes
NetSuite
Yes
Priority Software
Yes
QuickBooks Online
Yes
Sage 100
Yes
Xero
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
Yes
Online Support
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
Bloomberg Tax & Accounting
Founded
1929
Country
United States
Website
pro.bloombergtax.com/leased-assets/
Vendor Details
Company Name
Nominal
Founded
2023
Country
United States
Website
www.nominal.so/
Product Features
Lease Accounting
Amortization Schedule
No
Asset Management
Yes
Billing & Invoicing
No
Budgeting & Forecasting
No
Capitalization Reporting
Yes
Critical Date Alerts
Yes
Expense Tracking
No
For Equipment Leases
Yes
For Real Estate
No
Payment Tracking
Yes
Portfolio Management
Yes
Tax Management
No
Product Features
Lease Accounting
Amortization Schedule
No
Asset Management
No
Billing & Invoicing
No
Budgeting & Forecasting
No
Capitalization Reporting
No
Critical Date Alerts
No
Expense Tracking
No
For Equipment Leases
No
For Real Estate
No
Payment Tracking
No
Portfolio Management
No
Tax Management
No