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Lease4000

Real's Lease4000 module is a lease management tool that provides complete control of both finance and operating leases. It will prove invaluable to all companies that incorporate a leasing policy for asset purchases or require better controls on asset rentals.

It fully automates the process of apportioning finance lease payments between the finance charge and the reduction of the outstanding obligation. All management and statutory reports comply with SSAP21 and IAS17.

Features Include:

• Detailed lease information is added and maintained through one input screen.

• It manages both auto-generated and user-definable payment schedules, either in advance or in arrears.

• Multiple interest calculation methods, including Equal, Actuarial and Sum-of-Digits (Rule of 78) are provided for.

• It fully automates the process of apportioning finance lease payments between the finance charge and the reduction of the outstanding obligation.

• Leases can be terminated or rescheduled at any time and charges are automatically re-calculated.

• It provides accurate forecasts of last payments and terminations, as well as monitoring expiration dates to prevent costly automatic extensions.

• Uniquely referenced documents, such as contracts, certificates, invoices, emails, letters and purchase orders, can be linked to records through Real's Document4000 module.

• All management and statutory reports comply with UK Accounting Standards Committee SSAP21 and the International Accounting Standards Board IAS17.