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Lease Accounting Made Effortless

AcoSparkLease automates lease accounting under IFRS 16 and ASC 842, from ROU asset calculations and journal entry generation to audit-ready portfolio reporting, so compliance is never a last-minute scramble.
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How It Works

From Lease Contract to Audit-Ready Accounts

Centralise

Load Your Lease Portfolio

Import all lease contracts into AcoSparkLease, including properties, equipment and vehicles. The system captures key dates, payment schedules, renewal options and obligations automatically.
Chase

AI Computes ROU Assets & Liabilities

AcoSparkLease calculates right-of-use assets, lease liabilities, discount rates and amortisation schedules under the applicable standard, with full calculation transparency.
Reconcile

Generate Journals & Audit Reports

Journal entries, disclosure notes and audit-ready reports are generated automatically, removing the manual preparation that makes lease accounting season so time-consuming.
Get Started Us

Teams using AcoSparkLease eliminate weeks of manual lease accounting preparation each period and walk into audit with every calculation documented and ready.

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Core Capabilities

Complete Lease Accounting Automation for IFRS 16 and ASC 842

AcoSparkLease covers every aspect of lease accounting compliance, from portfolio management to strategic lease-vs-buy decisions.
01

Centralised Lease Portfolio Management

Bring all lease data into a single structured portfolio, covering properties, equipment, vehicles and any leased asset.
02

Automated ROU Asset & Liability Recognition

AcoSparkLease handles the IFRS 16 and ASC 842 calculations automatically, including present value of future lease payments, incremental borrowing rate application and initial direct costs.
03

Automated Journal Entry Generation

Every month-end, AcoSparkLease generates the full set of journal entries required: depreciation of ROU assets, unwinding of the lease liability discount, short-term and low-value exemption entries, and any lease modification adjustments.
04

Audit-Ready Reporting & Full Transparency

AcoSparkLease maintains a complete, time-stamped audit trail of every calculation, modification and journal entry, so your team can respond to any auditor query instantly.
05

Lease vs. Buy Analysis & Strategic Insights

AcoSparkLease goes beyond compliance with AI-powered lease-vs-buy analysis to help your business evaluate the financial implications of leasing versus owning.
  • NPV comparison of lease vs. purchase options
  • Tax and balance sheet impact modelling
  • Scenario analysis across interest rate and term assumptions
FAQ's

Frequently Asked Questions

1. Which lease accounting standards does AcoSparkLease support?

AcoSparkLease supports IFRS 16 and ASC 842, applying the correct standard to each lease based on your configuration, and handles multi-standard environments for groups reporting under more than one framework.

2. What types of leases can AcoSparkLease manage?

AcoSparkLease handles all lease types including real estate (offices, warehouses, retail), equipment (machinery, IT hardware), vehicles, and any other operating or finance lease. It also handles short-term leases and low-value asset exemptions under the applicable standards.

3. How does AcoSparkLease handle lease modifications?

When a lease is modified through a change in scope, term or payments, AcoSparkLease triggers a reassessment workflow. It recalculates the ROU asset, lease liability and amortisation schedule from the modification date, generates the required adjustment journal entries, and updates the audit trail automatically.

4. Can AcoSparkLease generate the disclosure notes for financial statements?

Yes. AcoSparkLease automatically generates the required IFRS 16 and ASC 842 disclosure notes including maturity analysis schedules, right-of-use asset movement tables, and a summary of significant judgements, formatted for direct inclusion in your financial statements or audit file.

5. Is AcoSparkLease suitable for large lease portfolios?

Yes. AcoSparkLease scales from small portfolios to thousands of leases across multiple entities and geographies. Bulk import, portfolio-level reporting and multi-entity consolidation are all supported, making it suitable for listed multinationals and growing mid-market businesses alike.