Real Estate Management in the True Cloud

Real Estate Lease Accounting

FASB 13 Lease Accounting Lx Contracts has the most advanced rent accounting capabilities available in the retail and restaurant software markets. Designed by creator of SLIM, our rent accounting features can handle any type of deal structure and any level of complexity.

Our team of real estate finance experts has studied the upcoming FASB 13 rules changes and has designed the expected changes into Lx Contracts while also ensuring we can quickly adjust to remove or add any changes made by FASB in the final pronouncement.
 
lease accounting software

 

Key Rent Accounting Features:

  • Support for 13 period accounting
  • Client definable financial periods
  • Rent and expense payments ERP integration*
  • Rent and expense forecasting
  • Straight line rent calculation & journal entry*
  • CAM and operating expense reconciliation
  • Percentage rent calculations
  • Percentage rent accrual calculation & journal entry*
  • Capital lease test
  • Manage subleases including receivables
  • One-time charges / manual check requests
  • Rent & expense approvals
  • Lease analysis with cash flow/P&L projections
  • Lease vs. lease comparison
  • Construction allowance & tenant improvement contributions
 

* May require a statement of work and additional fees

FASB 13 Changes

FASB 13 accounting

lease accounting software