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One Of The Best
Lease Accounting
Software In India.
We are boutique firm designed for Private Equity, Family Offices, and
Growth-Stage Companies seeking to maximize results
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Welcome to LEAZEON
The International Accounting Standards Board (IASB) issued IFRS 16 Leases, which requires lessees to recognise assets and liabilities for most leases, except short-term and low value leases. The new leasing standard is effective for annual periods beginning on or after 1 January 2019.
Ministry of Corporate Affairs (MCA) in India has notified Ind AS 116 Leases on 30 March 2019. The new leasing standard is applicable to all Indian companies complying with Indian Accounting Standards (Ind AS) for annual periods beginning on or after 1 April 2019.
LeazeOn is an end-to-end lease accounting and management software which complies with the requirements of IFRS 16, Ind AS 116 and its equivalent global lease accounting standards.
This software provides automated solution for initial and subsequent lease accounting, handling large volumes of leasing contracts, reporting and disclosure requirements.
Welcome to LEAZEON
The International Accounting Standards Board (IASB) issued IFRS 16 Leases, which requires lessees to recognise assets and liabilities for most leases, except short-term and low value leases. The new leasing standard is effective for annual periods beginning on or after 1 January 2019.
Ministry of Corporate Affairs (MCA) in India has notified Ind AS 116 Leases on 30 March 2019. The new leasing standard is applicable to all Indian companies complying with Indian Accounting Standards (Ind AS) for annual periods beginning on or after 1 April 2019.
LeazeOn is an end-to-end lease accounting and management software which complies with the requirements of IFRS 16, Ind AS 116 and its equivalent global lease accounting standards.
This software provides automated solution for initial and subsequent lease accounting, handling large volumes of leasing contracts, reporting and disclosure requirements.
Improve Your Business We Offer Great
We Offer Great
Number of Finance Services
Marketing Research
It is almost impossible to make strategic decisions without deep knowledge
Organizational Audit
It is almost impossible to make strategic decisions without deep knowledge
Business Consulting
It is almost impossible to make strategic decisions without deep knowledge
FEATURES
Impact analysis of transition
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Calculates ROU Asset
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Accounting for Leases
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Journal Entries
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Security deposit discounting
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Reports as per IFRS 16 / Ind AS 116 Leases
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the language of business
Consultancy That Empowers You
We help you see the world differently, discover opportunities you may never have imagined and achieve results that bridge what is with what can be.
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Leases under Management
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Multinational companies operating in India, Middle East, Australia, Americas and Europe
ISO 27001:2022 Certified
SOC 1 and SOC 2 Compliant
VAPT
Compliant
Overview
LeazeOn Private Limited is one of the leading companies providing IFRS 16 and Ind AS 116 Lease Accounting and Management Solutions. The Company was founded in Pune, India in 2018 by Information Technology professionals and Chartered Accountants. Today, the company employs more than 50 people including an in-house development team, team of CA, ACCA and CPA with IFRS 16 / Ind AS 116 expertise to assist companies seeking to adopt new leasing standard compliant software and customer success team providing on-boarding and customer support services.
The Company was founded by Information Technology professionals and Chartered Accountants. The company employs an in-house development team and a team of chartered accountants with IFRS 16 / Ind AS 116 expertise to assist companies seeking to adopt the new leasing standard. This team is ably backed up by a customer support team providing on-boarding and customer support services.
Investment Management
We welcome and celebrate different perspectives to help our firm, our clients and our people achieve enduring results.
Private Credit & Equity
We hire people with exceptional talents, abilities and potential, then create an environment where you can become the best.
Mission
Provide a robust software solution for lease contract accounting and management under different financial reporting frameworks across the globe. Work closely with the corporate finance teams to help migrate existing lease contracts seamlessly on the LeazeOn platform.
Investment Management
We welcome and celebrate different perspectives to help our firm, our clients and our people achieve enduring results.
Private Credit & Equity
We hire people with exceptional talents, abilities and potential, then create an environment where you can become the best.
Vision
LeazeOn’s strategic vision is to provide a stable software platform using the cutting-edge technology to manage complete lease contract accounting and management solution. We aim to provide a single solution that addresses all the different financial reporting frameworks followed by organisations across the globe.
Investment Management
We welcome and celebrate different perspectives to help our firm, our clients and our people achieve enduring results.
Private Credit & Equity
We hire people with exceptional talents, abilities and potential, then create an environment where you can become the best.
main principles
Global Reach with Local Understanding
In what areas do you provide management consulting?
Our associate consultants specialize in a range of business areas. These include strategic planning, issues resolution, culture assessment, board effectiveness, retention.
In which countries do you provide consulting services?
Our associate consultants specialize in a range of business areas. These include strategic planning, issues resolution, culture assessment, board effectiveness, retention.
How is a consulting project started and organized?
Our associate consultants specialize in a range of business areas. These include strategic planning, issues resolution, culture assessment, board effectiveness, retention.
Resources
We help you see the world differently, discover opportunities you may never have imagined and achieve results that bridge what is with what can be.
Business Consulting
We are working in the format of an outsourcing project office.
Project Management
We are working in the format of an outsourcing project office.
Project Management
We are working in the format of an outsourcing project office.
Support Functions
We are working in the format of an outsourcing project office.
Finance Planning
We are working in the format of an outsourcing project office.
- Key Features
Seamless solution for transitioning from spreadsheets / existing software on retrospective / prospective basis.
01
Automated Right-of-Use Asset / lease liabilities, depreciation, interest and dismantling provision calculations on initial and subsequent measurement.
02
Simplify accounting for re-measurement, termination, modification and other subsequent changes in the lease contracts.
03
Provides journal entries, calculations and disclosure reports on a monthly basis.
04
Multi-currency reporting & Integration with Accounting ERP
05
Actual rent paid vs payment due reconciliation report.
06
Automated interest free lease security deposit discounting calculations.
07
Integrated deferred tax calculation relating to lease accounting.
08
Central repository of all lease agreements and lease term expiry reminders.
09
Unlimited users, remote access and view-access to auditors.
10
Maker-checker and role-based access to users & VAPT, SOC 1 and SOC 2 certifications
11
Corporate lock feature to ensure that back-dated adjustments are not recorded.
12
testimonials
Happy Clients Say
"With the increase in the no. of branches and agreements, LeazeOn has reduced our time to calculate the amounts and reporting considerably"
Tarun Masand
HDFC AMC Limited"Software is user friendly and overall meets all the requirements"
LeazeOn user
Leading Jewellery Store Chain"We have not faced any significant challenges. By getting the detailed LeazeOn training, our hurdles got minimised. We are thankful to the LeazeOn Team, mostly we get one-to-one communication from time to time to solve issues."
Kalyani Debta
Bharat Forge Limited"LeazeOn has revolutionized our lease management workflow. It has saved our time, reduced errors, and provided us with a clear overview of our lease portfolio."
Shashikant Kalal
Tata Play Broadband Private Limited"Modification / remeasurement feature is very useful. "
LeazeOn user
Leading company having retail stores"Disclosures to be provided in the financial statements can be easily extracted from this tool.."
LeazeOn User
Leading NBFC in India" The quantum of our leases posed a big hurdle to us which could've hampered our normal operations, if we wouldn't have opted for this tool. This tool has eased our lives to a great extent. Thanks to the LeazeOn team."
Himanshu Chopra
Noon E-commerce India Private Limited"Due to LeazeOn, manual intervention and calculation errors in lease accounting have been eliminated, overall it is great product."
Amit Kumar Jain
Tata Capital Financial Services Limited
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Our Skilled Team
We help you see the world differently, discover opportunities you may never have imagined and achieve results that bridge what is with what can be.
CA AKSHAY OKE
(CEO & Managing Director)
RAVINDRA DAMLE
(Chief Technology officer)
ARUN KADEKODI
(Director)
AMIT DAREKAR
(Director)
Our Blogs
It’s all about accounting
Accounting & Finance
A great corporate strategy combines five elements: a bold yet realistic ambition, a carefully considered portfolio.
Management Skills
A great corporate strategy combines five elements: a bold yet realistic ambition, a carefully considered portfolio.
Business Planning
A great corporate strategy combines five elements: a bold yet realistic ambition, a carefully considered portfolio.
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