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What is UGAAP Lease Accounting?

UGAAP was created to make lease accounting more straightforward by providing innovative software solutions that streamline the process. Our platform helps companies avoid the disarray and ongoing compliance hurdles that come with new regulations, enabling smoother transitions. By using our software, businesses can drastically cut down on labor costs associated with accounting and financial reporting tasks. Contact us today, and we will showcase how our solutions can enhance your accounting operations. Our mission is to design software that automates complex calculations and workflows in all facets of accounting and taxation. We believe that lease accounting software exemplifies how we can empower organizations to focus on their main objectives rather than wasting resources on compliance issues. Furthermore, our services are supported by a team of outstanding GAAP specialists who are dedicated to providing top-notch assistance and insights to our clients. Ultimately, we aim to transform the accounting landscape for businesses of all sizes.

What is PowerPlan?

PowerPlan's Lease Accounting Solution Suite empowers organizations to develop their optimal approach for adhering to ASC 842 and IFRS 16 lease accounting standards. This all-encompassing solution supports a range of accounting frameworks, including GAAP, IFRS, and FERC. Users can leverage scenario analysis within the software to evaluate various adoption strategies and refine their methodologies for implementing the new lease accounting regulations. It adeptly manages a diverse set of capital and operating leases, spanning equipment, real estate, and power purchase agreements. The suite effectively reduces audit risks by automating previously manual tasks, thus improving the precision of billing, reporting, and documentation. Moreover, features such as integrated invoice generation enhance collaboration with billing departments, resulting in better traceability and recognition of receivables. It also automates lease calculations across a wide range of complexities, addressing simple to more complex scenarios that involve variable rates and changing lease terms. Ultimately, this comprehensive solution not only streamlines compliance but also significantly boosts operational efficiency for companies facing the intricacies of lease accounting, allowing them to focus on their core business activities. By providing these essential tools, PowerPlan enables organizations to navigate the evolving landscape of lease management with greater ease and confidence.

Media

Media

Integrations Supported

Integrations Supported

Property Tax Plus

API Availability

API Availability

Pricing Information

$3600 one time fee
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

Windows
Mac

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

UGAAP

Date Founded

2016

Company Location

United States

Company Website

www.ugaapinc.com

Company Facts

Organization Name

PowerPlan

Date Founded

1994

Company Location

United States

Company Website

powerplan.com

Categories and Features

Lease Accounting

Amortization Schedule
Asset Management
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Portfolio Management

Categories and Features

Decision Support

Not specified

Lease Accounting

Asset Management
Billing & Invoicing
Budgeting & Forecasting
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking

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