Rental management of large companies with chain stores, branches, stations, etc.; it creates workloads as big as its main fields of activity. Keeping accurate rental records; In addition, international financial reporting is a requirement of great importance for companies that are subject to IFRS 16.
Rental contracts, increase rates, workplace partnership structure, payment preferences of partners, issued documents, calculation levels, square meter and foreign exchange conditions, maintenance, repair and construction processes of properties; requires a single-center, module-level management system.
Rent Tracking Module, which is the tool of Aya Bilişim to measure the profitability of rent management; By organizing this complex and multi-component leasing system with a minimum margin of error, it provides services to companies in rent management in large-scale chains, calculating rent expenses and calculating rent shares in a joint structure.
Module; It provides profitability report output with calculation of future rental expenses, reduction to today’s economic figures, addition to cost by depreciation calculation and similar versatile calculations. The module that provides reporting that meets IFRS 16 requirements as a standard; It promises convenience in every sense with its user-friendly interface.
Using Lease Module
- A “Rent Card” containing the rental agreement information is issued for each leased or rented unit.
- Rental cards contain contract information such as validity periods, raise periods and calculations, VAT and withholding rates, as well as lessor information.
- While rent increase rates or rents for the relevant period can be calculated with certain fixed amounts or percentages; It can also make rental accounts based on sales turnover.
- As a result of these calculations, printing of rent invoices, realization of accounting, calculations in foreign currency and reporting can also be done automatically.
What is IFRS16?
In addition to the SAP Lease Management Solution, the way the rental expenses are shown in the financial statements has changed, especially for the listed companies and their subsidiaries, companies that specifically report IFRS standards, and companies that make long-term leasing, and are grouped under IFRS 16.
With IFRS 16, the indicators in the financial statements have changed for all companies that make leasing (lessees), and this change may differ according to the company’s preference for reporting the leasing, the intensity of using the leasing and the sector.
For lessees that use IFRS 16 reporting and report their leases as operating leases; It will be possible to ensure a more reliable transfer of assets and liabilities, increase transparency, make a fairer comparison between companies and obtain more reliable information from credit rating agencies.