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What is TURBO-Lease?

TURBO-Lease™ delivers a robust accounting software platform tailored for lessors, boasting over 80 ready-to-use reports that can be exported in multiple formats like screen, paper, PDF, or Excel. Users have the capability to create future balance forecasts or access historical data to fulfill auditing requirements. The system also allows for personalization by enabling the definition of eight fields that can be used to classify leases with specific identifiers such as bank, vendor, salesperson, note, or type of equipment. Among its features are trial balance reports that aid in reconciling with the general ledger by displaying transactions within a user-defined date range. Each report is comprehensive, offering insights such as the opening balance, current period activities, required adjustments, new business entries, and the concluding balance. Moreover, the software provides specialized trial balance reports that cover various financial elements, including lease receivable, residual receivable, income, residual income, initial direct costs, advance payments, security deposits, and relevant fees. With this extensive array of reporting capabilities, users can effectively oversee and optimize their leasing operations while ensuring compliance and accuracy in their financial reporting. This allows for better strategic decision-making regarding lease management.

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

Integrations Supported

HubSpot CRM
HubSpot Customer Platform
MRI Software
NetSuite

API Availability

API Availability

Pricing Information

$1250.00/one-time

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Supported Platforms

SaaS
Windows

Supported Platforms

SaaS

Customer Service / Support

Standard Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Online Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Better Programs

Date Founded

1985

Company Location

United States

Company Website

turbolease.com

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 Management

Billing & Invoicing
Commercial Leases
Lease Classification
Portfolio Management

Categories and Features

Lease Accounting

Not specified

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