All your data in one place

Make lease agreement data management easy

Prepare statements of financial position

Prepare reports for AASB16 presentation and disclosure

Calculate lease liability

Based on the given parameters

aasb16 software

Meet AASB 16 compliance

Meet the requirements and remove the headaches

Easy to learn and use

Part of the Microsoft product family with a familiar look and feel

Save money

Reduce time spent on administrative tasks

Manage your leases easily and comply with AASB 16 standard

AASB16 introduces a single lessee accounting model requiring lessees to recognise all leases on the balance sheet, except for short-term leases and leases of low-value assets. This Standard applies to annual reporting periods beginning on or after 1 January 2019. AASB16 is equivalent to IFRS 16 with extra paragraphs on Leasing Treatment for Non-Profit Entities.
Stay compliant with the new standard with Soft4Lessee.

Soft4 Lessee Data Import/Export

Data Import/Export

Import and export to/from other systems, using one of the following methods (or combination of methods): webservice, Excel files, XML files. Soft4Lessee can interface with other asset management, contract management systems, the general ledger system, and the management reporting system.

Soft4 Lessee-lease-agreement-management

Lease Agreement Data Management

Have a database of your lease agreements, with three major statuses – new agreements under consideration, active leases, and archived leases (expired, or terminated early). Import data from Excel sheets or XML data files, or populate data via webservice.

Soft4 Lessee Re-measurement


As circumstances change, the system can calculate adjustments to lease liability and right-of-use asset value, and produce G/L postings accordingly.

Soft4 Lessee IFR16 Reports

Reports for IFR16 Presentation and Disclosures

Get ready reports which you need for your financial reporting and prepare additional information for IFRS 16 disclosures.

Soft4 Lessee - Accounting lease liability

Accounting for Lease Liability

Calculate lease liability as the present value of lease payments, and the present value of amounts due at the end of the lease term, considering purchase or termination options. The system will automatically adjust lease liability as the circumstances change.

Soft4 Lessee - Accounting for right of use asset

Accounting for right of use asset

Calculate RoU Asset value considering lease liability, costs before lease commencement and the expected cost of asset return (e.g. costs of equipment dismantling, costs of restoring leased premises). If the lease liability is re-assessed, the RoU asset value changes accordingly.

Soft4 Lessee - Handling non-lease compliance

Handling of Non-lease component

If you have a composite contract that includes leases and services, the non-lease component is separated and posts to the operating expense account, separately from interest expense and asset depreciation expense, as required by IFRS16.

Soft4 Lessee - Lease modifications

Managing Lease Modifications

The system allows lease modifications after the commencement date and will calculate the impact on lease liability and right-of-use asset. The system will produce G/L postings to reflect any lease modification.

Soft4 Lessee - Lease status management

Lease status management

Track leases by numerous statuses – under consideration, active, archived, requested, quoted, signed or withdrawn, activated, extended, early-terminated, buy-out, expired.

Soft4 Lessee - Variable leases

Variable Leases

If you have leases with variable lease payments dependent on an index (like the Consumer Price Index) or reference interest rate (like LIBOR, EURIBOR), the system is able to calculate re-pricing and reflect it in accounting, as per IFRS16 requirements.

Soft4 Lessee - General ledger integration

General Ledger integration

Have required G/L transactions at each due date and at the end of the accounting period. You can download G/L transactions in detail or at summary level and feed them into your general ledger system via webservice integration, or via an Excel or XML file.

Soft4 Lessee - Lease Term

Assessment of the Lease Term

Determine lease term by a number of circumstances – whether you are reasonably certain to execute the purchase option, or extension option, or terminate the lease before the end of the term.

Soft4 Lessee - IAS 17 parallel accounting

Parallel accounting under IAS 17 standard

For purpose of comparison and impact analysis, Soft4Lessee can calculate and post to General Ledge expenses as per previous IAS 17 standard. This can also be used in scenarios, when IFRS 16 applied at group consolidation level.

Soft4 Lessee - Multi-company businesses

Managing the multi-company businesses

If you have tens or hundreds of subsidiaries and account for leases per each legal entity, some functions can be run over multiple „companies“ in Soft4Lessee.

Manage change easily and move your business forward

Office Location

3/47 Burgundy St
Heidelberg VIC 3084

Postal Address

PO Box 1115
Camberwell VIC 3124


1300 303 973