The new update of Lease Accounting for OneStream is now available on OneStream’s PartnerPlace portal!
We are constantly improving the Lease Accounting Solution which is a product of feedback from our existing customers, consultants & technology updates from OneStream. Here is a summary of our latest improvements which are available from our new PV731 - SV103 release!
What are the latest Lease Accounting updates?
Control prior period adjustments with the Catchup function:
- Enter lease assets which were “missed” in prior periods without compromising historical data.
- “Fix” lease asset masterdata from prior periods with adjustments reflected in the current reporting period.
- Specific visibility of impacts resulting from prior fiscal year adjustments.
Scale reporting for Lease Accounting to include deferred taxes:
- This has been rolled out as a beta version for now as it is a new feature and has been set up based on specific use cases.
- Get results of the Deferred Tax Asset and Liability within your reported results.
Updates to report functionality:
- New feature to export the lease register directly as .xlsx format.
- Export Excel reports enhanced to remove empty rows which makes analysis easier after export to Excel.
- Exported reports enhanced with default filenames which reflect the nature of the report.
Compatibility with OneStream v8.2.1:
- Latest release PV731-103 is compatible with the latest OneStream version 8.2.1.
When to leverage AMCO's lease accounting solution for OneStream
Lease accounting software is crucial for organizations to comply with accounting standards like IFRS 16 and ASC 842. These standards require detailed tracking and reporting of lease obligations. AMCO's lease accounting capabilities help businesses automate and manage their lease accounting processes, ensuring accuracy, compliance, and efficient financial reporting. This not only reduces the risk of errors but also saves time and resources, allowing finance teams to focus on more strategic tasks.
What is OneStream?
OneStream is a unified, intelligent finance platform designed to simplify and streamline financial processes. Additionally, it consolidates and integrates various financial operations, such as planning, budgeting, forecasting, and reporting, into a single, cohesive solution. This helps organizations enhance their financial efficiency and agility by providing real-time data, advanced analytics, and powerful automation capabilities.
Who is AMCO Solutions?
AMCO Solutions is a leading implementation partner specializing in OneStream software implementations and solution development. The company is known for its expertise in delivering flawless OneStream implementations and creating dedicated OneStream partner- and marketplace solutions tailored to meet the unique needs of customers. As an official development partner, customers are assured of top-tier quality and reliability when using AMCO’s specialty solutions.
Want to improve Lease Accounting?
If you have any questions about these new features or would like to learn more about AMCO Lease Accounting
If you have any questions about these new features or would like to learn more about AMCO Lease Accounting
