Lease accounting 
made simple

Ditch complexity, automate compliance, consolidate all leases, and give finance teams clarity and control (across  IFRS 16, AASB 16, FRS 102 and FASB ASC 842) .

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LOIS - IFRS 16 made simple

Why LOIS for lease accounting

Lease accounting (under IFRS 16, AASB 16, FRS 102 or FASB ASC 842) is complex. Outdated processes create risk, and month-end reporting drains time and resources.
With LOIS, lease accounting becomes faster, easier, and fully compliant. Let your team focus on strategy, not lease accounting compliance.

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Simple &
intuitive

A user-friendly interface with clear visibility at every level of your lease portfolio.

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Comprehensive compliance  

 Forecasting, modifications and automated journals for numerous accounting standards.

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Centralised management  

Manage property, fleet, and IT leases in one place for a single source of truth.

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Fast & flexible integration 

Easy import/export, Excel templates, and integrations with your existing systems.

Core features

 

Global standards compliance

Save weeks of reporting time

Instantly see how your critical performance metrics change under each standard. Run multiple lease accounting reports for numerous accounting standards (IAS 17, IFRS 16, AASB 16, FRS 102 and FASB ASC 842).

LOIS can handle all disclosures, under all standards, with a dedicated reporting module and fully automated general ledger for all accounting journals and modifications.

  • Relevant accounting reports showing asset, liability, future rentals and disclosure summaries
  • All relevant journals automated
  • Vs. IAS 17, showing the difference in reporting outputs based on the reporting rates of the leases held in the system

Reporting & forecasting

Reporting You Can Trust

LOIS’s full suite of standard reports provides you with all the tools required to help ensure a successful compliance to either IFRS 16, AASB 16, FRS 102 or FASB ASC 842. Track your progress in real time.

  • Forecasting reports
  • Movements between defined date parameters

Consolidated dashboard

Consolidated Dashboard

With all your leases and data in one place, the LOIS user dashboard provides you with a consolidated overview of all the active leases within your organisation. Use this information to:

  • See how active leases are distributed globally
  • Recognise leases that require immediate attention
  • View and analyse data dependent on the selected search criteria set by the user
  • Key financial metrics and ledger overview
  • Drill down functionality
Save weeks of reporting time

Instantly see how your critical performance metrics change under each standard. Run multiple lease accounting reports for numerous accounting standards (IAS 17, IFRS 16, AASB 16, FRS 102 and FASB ASC 842).

LOIS can handle all disclosures, under all standards, with a dedicated reporting module and fully automated general ledger for all accounting journals and modifications.

  • Relevant accounting reports showing asset, liability, future rentals and disclosure summaries
  • All relevant journals automated
  • Vs. IAS 17, showing the difference in reporting outputs based on the reporting rates of the leases held in the system
Find out more Watch a demo
Reporting You Can Trust

LOIS’s full suite of standard reports provides you with all the tools required to help ensure a successful compliance to either IFRS 16, AASB 16, FRS 102 or FASB ASC 842. Track your progress in real time.

  • Forecasting reports
  • Movements between defined date parameters
Find out more Watch a demo
Consolidated Dashboard

With all your leases and data in one place, the LOIS user dashboard provides you with a consolidated overview of all the active leases within your organisation. Use this information to:

  • See how active leases are distributed globally
  • Recognise leases that require immediate attention
  • View and analyse data dependent on the selected search criteria set by the user
  • Key financial metrics and ledger overview
  • Drill down functionality
Find out more Watch a demo

Lease data & lifecycle management

  • Easy data upload

  • Custom data fields

  • Manage lifecycle & modifications

  • Amortisation & depreciation schedules

  • Journals & GL integration

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LOIS’s intuitive design makes it easy to upload your lease data either manually, through a customised Excel template, or through an ERP integration, ensuring all your critical lease information is centralised in one place.

  • Regular and irregular profiles (multiple rentals with different periodicities)
  • Multi-asset addition
  • Unlimited document storage for all aspects of leases
  • Ability to save mid input as draft lease or confirm to activate a lease
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LOIS records as much detail as you need for your leased asset data. Use custom fields to save information such as millage limits for vehicles, square metres for buildings, serial numbers for IT equipment or usage hours for forklifts.

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All in-life lease amendments are catered for, adhering to the IFRS 16, AASB 16, FRS 102 and FASB ASC 842 standards covering all modifications. Make business as usual an easy process with all forms of modifications automated within the system. LOIS covers all modifications:

  • Full extensions
  • Part terminations
  • Full early terminations
  • Consideration changes
  • Indexation price changes (IFRS)
  • Rental corrections and impairments
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At the commencement of a lease, LOIS generates an asset and amortisation schedule based on the financial information inputted into the system. With each modification to the lease, a new amortisation and asset schedule is created and stored to allow retrospective reporting based on the schedules in play at that time. These schedules drive the accounting output.

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LOIS will also generate the complex calculations whilst providing full general ledger functionality and a comprehensive audit trail.

Journals are created in the system for IFRS 16, AASB 16, FRS 102 and FASB ASC 842 accounting entries. LOIS also has its own generic general ledger codes associated with each event in a lease’s life. These codes can be mapped to the user’s general ledger codes. Journals can be exported to Excel for upload to the general ledger or use our bespoke API to remit the journals to the user’s general ledger in an automated fashion.

Lease Data & Lifecycle Management

Easy Data Upload

Stay IFRS 16 audit-ready

Easy Data Upload 

Upload your lease data with ease to ensure all your critical lease information is centralised in one place.

LOIS’s intuitive design makes it easy to enter all types of leases either manually, through a customised Excel template or with full integration into other in-house systems via a bespoke integration tool.

  • Regular and irregular profiles (multiple rentals with different periodicities)
  • Multi-asset addition
  • Unlimited document storage for all aspects of leases
  • Ability to save mid input as draft lease or confirm to activate a lease

Custom data fields

Stay IFRS 16 audit-ready

Custom data fields 

LOIS records as much detail as you need for your leased asset data. Use custom fields to save information such as millage limits for vehicles, square metres for buildings, serial numbers for IT equipment or usage hours for forklifts.

Manage Lifecycle & Modifications

Stay IFRS 16 audit-ready

Manage Lifecycle & Modifications

All in-life lease amendments are catered for, adhering to the IFRS 16 and FASB ASC 842 standards covering all modifications. Make business as usual an easy process with all forms of modifications automated within the system. LOIS covers all modifications:

  • Full extensions
  • Part terminations
  • Full early terminations
  • Consideration changes
  • Indexation price changes (IFRS)
  • Rental corrections and impairments

Amortisation and depreciation schedules

Stay IFRS 16 audit-ready

Amortisation and depreciation schedules

At the commencement of a lease, LOIS generates an asset and amortisation schedule based on the financial information inputted into the system. With each modification to the lease, a new amortisation and asset schedule is created and stored to allow retrospective reporting based on the schedules in play at that time. These schedules drive the accounting output.

Journals & GL Integration

Stay IFRS 16 audit-ready

Journals & GL Integration

LOIS will also generate the complex calculations whilst providing full general ledger functionality and a comprehensive audit trail.

Journals are created in the system for both IFRS 16 and FASB ASC 842 accounting entries. LOIS also has its own generic general ledger codes associated with each event in a lease’s life. These codes can be mapped to the user’s general ledger codes. Journals can be exported to Excel for upload to the general ledger or use our bespoke API to remit the journals to the user’s general ledger in an automated fashion.

Stay IFRS 16 audit-ready

Easy Data Upload 

Upload your lease data with ease to ensure all your critical lease information is centralised in one place.

LOIS’s intuitive design makes it easy to enter all types of leases either manually, through a customised Excel template or with full integration into other in-house systems via a bespoke integration tool.

  • Regular and irregular profiles (multiple rentals with different periodicities)
  • Multi-asset addition
  • Unlimited document storage for all aspects of leases
  • Ability to save mid input as draft lease or confirm to activate a lease
FIND OUT MORE BOOK A DEMO
Stay IFRS 16 audit-ready

Custom data fields 

LOIS records as much detail as you need for your leased asset data. Use custom fields to save information such as millage limits for vehicles, square metres for buildings, serial numbers for IT equipment or usage hours for forklifts.

FIND OUT MORE BOOK A DEMO
Stay IFRS 16 audit-ready

Manage Lifecycle & Modifications

All in-life lease amendments are catered for, adhering to the IFRS 16 and FASB ASC 842 standards covering all modifications. Make business as usual an easy process with all forms of modifications automated within the system. LOIS covers all modifications:

  • Full extensions
  • Part terminations
  • Full early terminations
  • Consideration changes
  • Indexation price changes (IFRS)
  • Rental corrections and impairments
FIND OUT MORE BOOK A DEMO
Stay IFRS 16 audit-ready

Amortisation and depreciation schedules

At the commencement of a lease, LOIS generates an asset and amortisation schedule based on the financial information inputted into the system. With each modification to the lease, a new amortisation and asset schedule is created and stored to allow retrospective reporting based on the schedules in play at that time. These schedules drive the accounting output.

FIND OUT MORE BOOK A DEMO
Stay IFRS 16 audit-ready

Journals & GL Integration

LOIS will also generate the complex calculations whilst providing full general ledger functionality and a comprehensive audit trail.

Journals are created in the system for both IFRS 16 and FASB ASC 842 accounting entries. LOIS also has its own generic general ledger codes associated with each event in a lease’s life. These codes can be mapped to the user’s general ledger codes. Journals can be exported to Excel for upload to the general ledger or use our bespoke API to remit the journals to the user’s general ledger in an automated fashion.

FIND OUT MORE BOOK A DEMO

Collaboration & control

LOIS is designed for everyone in your organisation who is involved with leasing. Create multiple user accounts (including for your auditors) with customised access levels so you can work with the real-time data you need.

LOIS can be set up within four weeks, without having to change all your existing systems and processes. This setup includes:

  • Dual approval process and workflow with reminders for both user actions and lifecycle actions around end of lease and renewals/options.
  • Multi-level hierarchy and security which is fully customised
  • Audit tracking of all user access and modifications/amendments
  • Cost centre allocations and aggregation
  • Unlimited user access
Download your lease accounting solution business case here
LOIS - Collaboration & Control

Additional LOIS features (optional add-ons)

These additional features can be added as extra to your standard LOIS subscription, enhancing your ability to proactively manage your lease portfolio and confidently make strategic leasing decisions.

  • The Sandpit - A budgeting and forecasting tool designed to let you model and investigate the financial impact of future adjustments to your lease portfolio without impacting your live data.
  • Low-value leases - Add your low-value leases to LOIS at a much lower cost per lease rate. Having all your lease information in one central place allows you to review the ROI of your entire lease portfolio. Individually, these may not be material, but when aggregated they could result in large savings if you are being overcharged or duplicating these leases.
  • Month-end process consulting - Make significant time savings at these business-critical periods with a more streamlined lease accounting month-end process. Take advantage of our in-house CA-qualified leasing accountants and let us review, analyse, and feedback on your month-end process.
Find out the true cost of using Excel for your lease accounting
LOIS - optional features
Frame 15600

Helpful resources

LOIS Lease Accounting Solution

LOIS Lease Accounting software features

All the information you need about LOIS, a lease accounting solution that can help you comply with the accounting standards IFRS 16, AASB 16, FRS 102 and FASB ASC 842.

Download now
LOIS Case Study ebook cover - Feb 2025 Drop Shadow small

LOIS Client success
stories

Discover how companies across various industries have leveraged LOIS lease accounting software to streamline their financial processes and achieve remarkable results.

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Spreadsheets vs Lease Accounting Software Cover

Spreadsheets vs Lease Accounting Software - the best approach

We explore the pros and cons of using lease accounting software vs. spreadsheet applications, such as Excel, for compliance and lease management.

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Lease Accounting Software FAQs

What is lease accounting software?

Lease accounting software automates the calculation, reporting and disclosure requirements under IFRS 16, ASC 842, AASB 16 and FRS 102. It replaces spreadsheets with a controlled system that manages lease liabilities, right-of-use assets, remeasurements and journal entries.

Is LOIS compliant with IFRS 16 and ASC 842?

Yes. LOIS fully supports IFRS 16, ASC 842, AASB 16 and FRS 102. It can also do IAS 17. The platform automates ongoing compliance, including remeasurements, modifications, foreign exchange treatment and disclosure reporting.

How does LOIS support ongoing IFRS 16 compliance after initial adoption?

Compliance doesn’t stop at transition. LOIS automates monthly calculations, handles lease modifications, tracks reassessments, and produces audit-ready reports. This ensures your organisation remains compliant year after year.

How does LOIS automate the monthly close for lease accounting?

LOIS automatically: 

  • Calculates interest and depreciation
  • Processes remeasurements
  • Generates journal entries
  • Produces disclosure reports
  • Open and closes periods to align with ERP
  • Automatic reconciliation of journals required for current period 
  • Provides full audit trail and enterprise level period end controls

This significantly reduces manual month-end workload and spreadsheet risk.

What makes LOIS different from other lease accounting software?

LOIS is an expert-led lease platform that unites finance and property in one system, ensuring IFRS 16 compliance, robust lease management, and clear visibility across complex portfolios. LOIS is:

  • LOIS scales with you and stands up to audit scrutiny.
  • LOIS is one system for finance and property, no spreadsheets, no silos.
  • LOIS is fast to implement, easy to run.
  • LOIS are leasing experts first. Software second.

What types of leases can LOIS manage?

LOIS supports property leases, equipment leases, fleet, technology assets and complex multi-entity portfolios across multiple jurisdictions.

Can LOIS handle complex or variable lease terms?

Yes. LOIS manages:

  • CPI and market-linked modifications
  • Extension/termination options
  • Foreign currency leases
  • Embedded leases
  • COVID accounting
  • Floor and ceiling clauses
  • Lessee and lessor accounting

Does LOIS integrate with our ERP or general ledger?

Yes. LOIS can integrate with leading ERP systems to export journal entries and align lease accounting with your financial reporting framework. LOIS also maintains your chart of accounts in the system.

Can LOIS be used across multiple countries or entities?

Yes. LOIS supports multi-entity, multi-currency and multi-country portfolios with consolidated reporting capability and the associated security.

How long does it take to implement LOIS

Implementation is a period of weeks not months and depending on the level of support is a minimal cost. It is a very standardised and simplified approach for a best of breed finance process.

How does the system perform and scale?

LOIS is a SaaS based system hosted in the cloud. It is relatively resource light and can easily scale from portfolios of tens of leases to tens of thousands of leases. It’s used across the world with local hosting.

How does LOIS support strong governance and control

  • LOIS has approval workflows and strict security around segregation of duties
  • Journals can be reviewed, approved, and locked prior to ERP posting
  • There is a full audit trail for every change within in the system, including all month-end files, modifications and all chart of account changes
  • LOIS can have multiple chart of accounts and ledgers, with strict controls over access and changes but with the ability to close periods in alignment with ERP

What is the best lease accounting software for CFOs?

For CFOs, the best lease accounting software is one that delivers ongoing confidence, control, and compliance, rather than just a one‑off transition solution. It should fully automate accounting under standards such as IFRS 16, ASC 842, AASB 16, and FRS 102, replacing spreadsheets with a controlled, audit‑ready system that manages lease liabilities, right‑of‑use assets, remeasurements, and journal entries across complex portfolios. Leading solutions support multi‑entity and multi‑currency environments, integrate cleanly with ERPs, and streamline the monthly close by automatically calculating interest and depreciation, processing modifications, generating journals, and producing disclosure and reconciliation reports. Most importantly, the best software reduces compliance risk and duplicated effort while giving CFOs clear visibility, strong governance, and assurance that lease accounting will remain accurate and compliant year after year.