LeaseBook.ai

Lease accounting, to the cent.

IFRS 16 and ASC 842 — one engine, both frameworks. AI contract extraction, an auditor workbench, and journals pushed straight to your ERP. Validated 8/8 against Big-4 worked examples.

IFRS 16 · ASC 842 dual-GAAPleasebook.aiBuilt by MeruTech, est. 2017

The problem

Lease accounting is still run on spreadsheets and nerves.

Every lease has to be measured under IFRS 16 and ASC 842, remeasured on every modification, and reconciled before the close — then defended to the auditor. Most teams do it in fragile spreadsheets that break on the 2024 sale-and-leaseback amendment, ASU 2023-01, and CPI remeasurements, with no audit trail and no disclosure pack.

Two frameworks, kept in sync by hand Remeasurements & modifications missed No audit trail · disclosure built manually

What LeaseBook is

One engine. Both frameworks. Enter the lease once.

12 leases

$38.5M of liability — measured, posted and disclosure-ready. The live product, not a mock-up.

Enter a lease once; IFRS 16 and ASC 842 compute from the same contractual facts — present value, interest, depreciation, modifications and remeasurements, with decimal-exact arithmetic and journals that balance to the cent.

leasebook.ai/dashboard

8 / 8

Validated vs
Big-4 examples

Why you can trust the numbers

Validated 8 / 8 against Big-4 worked examples.

The engine is checked to-the-cent against published worked examples — including the IFRS 16 IE24 sale-and-leaseback case and Big-4 / CPDbox / FinQuery references. We'll name the methodology and the standards paragraphs behind every result. Results run live in-app at /dashboard/validation.

Decimal-exact — no rounding drift in journals IFRS 16 IE24 sale-and-leaseback reproduced Methodology & standards on request

The measurement engine

The accounting — not just the arithmetic.

Present valueConfigurable day-count conventions; incremental borrowing rate or rate implicit.

AmortisationEffective-interest accretion on the lease liability, period by period.

DepreciationRight-of-use asset — straight-line and finance treatment, both GAAPs.

ClassificationASC 842 bright-line tests — finance vs operating, automatically.

ModificationsScope, term and rate reassessments; partial terminations re-measured.

RemeasurementCPI / index, unchanged-rate — scales payments correctly.

Liability splitCurrent / non-current, every period, for the balance sheet.

ComponentsInitial direct costs, incentives, restoration — in the ROU asset.

Computed simultaneously under IFRS 16 & ASC 842 Decimal-exact — Decimal.js, never floats One set of contractual facts

Close & audit

Disclosure pack and auditor workbench, built in.

One-click 7-sheet disclosure pack — maturity analysis, expense components, cash-flow supplements — generated from contractual schedules. Plus an auditor workbench: give your auditor a seat with sampling, independent re-perform and sign-off, inside the system.

IFRS 16.97 maturity analysis Auditor seats always free

leasebook.ai/dashboard/reports/disclosures

From contract to ledger

AI reads the lease. Journals reach your ERP.

AI contract extraction

Upload the PDF — AI reads terms, payment schedules, escalations, options and incidentals. You review, then post. Human-approved, fully audited.

Modern reporting & roll-forward

Period-over-period roll-forwards, balance checks and journals that reconcile — the work the close actually needs.

ERP push — not export

Journals flow to the ledger you already close in — Oracle ERP Cloud (FBDI GL import), Oracle EBS, SAP and NetSuite — with your segments and your calendar.

Current through the latest amendments

Not "IFRS 16 as of 2019." The standard as it reads today.

Sale-and-leaseback

IE24-validated, including the 2024 variable-payments amendment.

IFRS 16.99–103

ASU 2023-01 (both issues)

Common-control written-terms expedient + leasehold improvements over useful life.

FASB · ASC 842

CPI & index remeasurement

Unchanged-rate remeasurement that scales payments correctly.

IFRS 16.43

Modifications & exemptions

Scope, term and rate reassessments; short-term & low-value tracked off-balance-sheet.

Dual-GAAP

Complete functionality

Everything between a signed contract and a clean close.

Lease lifecycle

Draft → active → modify → terminate
Renewal & option management
Critical-date alerts · portfolio by asset type

Close & journals

Period journals, Dr = Cr enforced
Roll-forwards & balance check
Period snapshots · invoices

Multi-entity & FX

Group consolidation
FX rates & translation
Per-entity & consolidated views

Disclosure & audit

7-sheet disclosure pack (XLSX)
Auditor workbench & sign-off
Full, immutable audit trail

AI assistance

Contract extraction (OCR + LLM)
Search across your contracts
Portfolio chat over your leases

Reporting & analytics

Period-over-period roll-forward
Maturity & expense analysis
Excel & PDF export

Oracle ERP Cloud integration

Oracle ERP Cloud — FBDI GL journal import
Oracle E-Business Suite (EBS)
SAP & NetSuite · push, not export

Utilities & data

Bulk Excel / CSV import
Lease take-on & migration
Batch recalculation · data export / API

Security & access

Row-level tenant isolation
SOC 2 control & policy pack
Role-based access

Bring us your hardest lease.

The CPI-linked one with the rent-free period, two extensions and a sale-and-leaseback bolted on. We'll measure it live — both frameworks — while you watch. Thirty minutes, on your numbers.

Book a 30-minute demo →

LeaseBook · leasebook.ai · IFRS 16 & ASC 842 · Built by MeruTech