Leasevana Reviews

Leasevana Description

Leasevana is a desktop application for Windows intended for lease accounting under IFRS 16, catering to corporate finance teams and lessees. It computes right-of-use (ROU) assets and lease liabilities based on lease agreements, while also generating schedules for amortization and depreciation. Users in finance can modify these schedules to account for renewals, extensions, early terminations, and adjustments in consideration, allowing them to monitor incremental borrowing rates and weighted-average discount rates pertinent to new leases and reassessments. Additionally, the software facilitates IFRS 16 disclosure reporting and features an optional PDF lease abstraction tool that can utilize a Google Gemini API key provided by the user to automatically extract essential information like dates, options, and payment figures. Leasevana operates locally on Windows, requiring no cloud storage or external databases, which enhances data privacy. It is offered as a complimentary download from the Microsoft Store, although the vendor suggests that users consult a qualified professional to verify their results for accuracy. With its user-friendly interface and robust functionalities, Leasevana aims to streamline the lease accounting process significantly.