Lessee Accounting
Odessa offers a lessee focused software solution that provides complete control,
tracking and management of leases and loans used to acquire equipment, including
capital leases, operating leases and leveraged lease structures. LeaseWave® monitors
and manages the most complex lease administration tasks. It provides real time access
to all lease and asset data, tracks critical dates and options, feeds payment information
to G/L systems and maintains future and historical financial information.
Features & benefits of lessee accounting software
- Sophisticated security to control user access.
- Calculate payment schedules or import from Excel.
- Asset level detail including installation, option, termination and casualty dates.
- Track multiple categories of expenses incurred against each lease.
- Record notes and comments at the lease and asset level.
- Automatic notification of option and lease expiration dates to avoid costly oversights.
- Terminate or modify leases at any time, payments are automatically re-calculated.
- Calculate casualty values and offsetting payments to lessor/lender for each asset that is lost or destroyed.
- Automatic update of journal entries from lease accounting software to the GL.
- Produce a full range of standard and customized reports and forecasts.
