Chris Neves
Lessees who apply New Zealand equivalents to International Financial Reporting Standards (NZ IFRS) must apply accounting standard NZ IFRS 16®.
This can cause increased complexity for leases of property, office space, vehicles, and other heavy machinery and equipment.
To deal with this, affected entities must essentially decide between two approaches:
1. Manage the accounting manually on spreadsheets for each individual lease, or
2. Look to an automated software solution to handle the accounting with the click of a button.
For entities considering the latter, BDO’s flagship lease software solution, BDO LEAD , can help.
BDO LEAD is BDO’s flagship lease software which helps lessees manage the complexity of lease accounting.