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What is Bloomberg Tax & Accounting Leased Assets?

Compliance with ASC842 and IFRS16 has been successfully attained. Bloomberg Tax & Accounting Leased Assets manages a wide array of leased asset categories and provides complex calculations for right-of-use assets, as well as lease liabilities. Our software-as-a-service (SaaS) offering ensures accurate classification, accounting, and reporting of leased assets, adhering to the most current guidelines of IFRS 16 and ASC 842. By facilitating smooth integration with multiple ERP, GL, and AP systems, leasing solutions, and other internal platforms, we enhance operational efficiency. This empowers clients to confidently fulfill the requirements of ASC 842 and IFRS 16. Additionally, our automated lease accounting workflows significantly increase productivity while maintaining accuracy through comprehensive calculations, thereby promoting a more organized method for compliance and reporting. Ultimately, our solutions not only streamline processes but also foster a proactive approach to managing leased assets.

What is AMTdirect?

AMTdirect is highly regarded as a top expert in lease administration and accounting, especially for ensuring compliance with FASB 842. Designed specifically for businesses that handle portfolios of 50 or more locations, AMTdirect addresses the daily challenges faced by corporate real estate professionals. This all-encompassing software solution allows users to keep an organized record of property details, lease contracts, associated income and expenses, along with any relevant documentation all in a single, accessible platform. In the context of lessor accounting, it supports adherence to ASC 842, IFRS 16, and GASB 87 for lease receivables, whether they involve third-party entities or intercompany transactions. For lease-level accounting, users gain access to a transparent audit trail that tracks all balance sheet computations for each lease, encompassing amortization, opening and closing liabilities, interest, and depreciation for every reporting period in line with the organization’s unique accounting calendar. This level of detail empowers corporate real estate professionals to oversee their lease commitments with both precision and confidence. Furthermore, the platform's intuitive interface simplifies processes, making it easier for users to sift through intricate lease details, fostering a more efficient workflow overall. By enhancing usability and accuracy, AMTdirect ultimately supports better decision-making in lease management.

Media

Media

Integrations Supported

FundCount

Integrations Supported

HubSpot CRM
HubSpot Customer Platform
MRI Software
NetSuite

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

24 Hour Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Bloomberg Tax & Accounting

Date Founded

1929

Company Location

United States

Company Website

pro.bloombergtax.com/leased-assets/

Company Facts

Organization Name

MRI Software

Date Founded

1971

Company Location

United States

Company Website

www.mrisoftware.com/solutions/lease-accounting-software/

Categories and Features

Lease Accounting

Asset Management
Capitalization Reporting
Critical Date Alerts
For Equipment Leases
Payment Tracking
Portfolio Management

Categories and Features

Lease Accounting

Not specified

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