IFRS 16 Resources - Nomos One

Excel vs Lease Management and Lease Accounting Software

Written by Nomos One | Oct 1, 2022 7:09:00 AM

We’ve all experienced the brilliance of Excel for forecasting, budgets, preparing journals and accruals, financial modelling and more.

It’s incredible what Excel can do if you know how to use it. Almost every organisation has a resident Excel wizard who can dazzle you with its capabilities. Excel, in the hands of an Excel master, can do just about anything.

For leasing portfolios greater than ten leases, can it handle the new lease accounting standard IFRS 16 and everything that comes with it?

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