Visual Lease Releases Version 20.4 to Increase Transparency in Lease Accounting



Visual Lease released its latest product release, version 20.4, which features an enhanced accounting feed audit trail that aims to provide better transparency with more granular data points, deeper calculations and more flexible reporting calculations.

The new accounting feed audit trail provides users with a view of historic accounting feed activity in order to guard against accidental changes or intentional malfeasance. This functionality expands the platform’s existing ability to track changes, downloads, transfers, deletions and archives within the accounts payable, accounts receivable and general ledger feeds.

“We want to ensure our customers have the ability to identify every update in their system that could contribute to their financials,” Marc Betesh, founder and CEO of Visual Lease, said. “Our product team is committed to delivering functionality that helps our customers more efficiently prepare for and complete their audits.”

In addition to the new audit trail capabilities, Visual Lease 20.4 features enhancements to the platform’s already filtering and sorting options within lease accounting reports. Further, those required to comply with IFRS 16 can now input opening accrued rent receivable balances within a new set of lessor operating calculations.

Visual Lease provides lease accounting and lease administration software solutions to help companies manage, analyze and report on their leased asset portfolios.


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