BDO Lead – Outsourced managed lease services

What are BDO's managed lease services?

BDO's managed lease services help to reduce costs and improve efficiencies.

Our Financial Reporting Advisory team manages all your leases in your lease portfolio and provides the information you need to account for your leases under NZ IFRS 16, reducing complexity and saving you time to focus on doing what you love. Whether your information is stored in Excel or another platform, our experts ensure your data is imported into our system in a simple, secure and seamless way.

Our services include:

• Conducting a thorough analysis to support your policy decisions before transitioning to our lease management service . 
• Providing your staff with relevant NZ IFRS 16 learning materials.
• Uploading your data into BDO Lead .
• Offering guidance to assist your project team in gathering the necessary outstanding lease accounting data .
• Providing accounting journals and audit information tailored to your organisation’s format and level of detail.
• Going a step further by providing assistance with sublease accounting and make-good provision discounting. 

STEP 1: LEARNING We provide education on how to capture the lease information in a standard Excel spreadsheet as well as NZ IFRS 16.	STEP 2: INPUTTING OF DATA The client populates the Excel spreadsheet with all the lease data (BDO can assist with contract analysis).	STEP 3: READINESS CHECK We review and assess the accuracy and completeness of the population of the lease data in the Excel spreadsheet.	STEP 4: UPLOADING OF DATA We import the lease data from the Excel spreadsheet into the BDO Lead platform.
STEP 5: IMPACT ASSESSMENT (if required) We use the imported data to prepare an impact assessment for each requested transitional method.	STEP 6: DATA VALIDATION The client selects the appropriate transitional method and confirms the accuracy and completeness of the lease data, including assessments.	STEP 7: THE JOURNALS We provide the journals with input on the date of initial application and subsequent periods based on the selected transitional method.	STEP 8: REQUIRED INFORMATION The client confirms the required information and frequency of correspondence with us.

The benefits of outsourcing your lease management with BDO

We work with businesses from various sectors and industries to provide a seamless lease management service that saves our clients time and money. The benefits you can expect from working with BDO are:

• No need to invest in or acquire costly lease management software

• Lower cost and no complex IT implementation projects

• Free up your employees to work in your business while we work on your business

• Save time learning about the requirements of the new leasing standard and use our IFRS advisers' expertise

• Ongoing access to our NZ IFRS advisory specialists for clarity

• Audit trail provided for you and your auditor

• Professional assistance with auditor lease queries 

Please contact us or any of our friendly and professional Financial Reporting Advisory experts to discuss how we can take the pain out of lease accounting and address your NZ IFRS 16 related business problems. 

Explore further details about managing your lease accounting independently with our BDO Lead platform.

Examples of leases BDO Lead can manage