AMCO's Lease accounting solution in OneStream
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AMCO - Lease Accounting
A
Alexandra Verlaan
Updated: Jun 18, 2025
Description
Click through demo for Lease Accounting, interactive demo walkthrough, powered by AMCO Solutions.
Steps
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AMCO's Lease accounting solution in OneStream
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Lease Accounting in OneStream by AMCO Solutions
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Click on the Workflow in the appropriate close cycle period.
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Choose a lease instance and click on Edit button to see all master data in one Lease Edit form.
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This is the Lease Edit form which contains all master data for one particular asset. Details can be reviewed or updated from this form.
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This form also includes fields to accommodate Variable Payments.
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Fields to accommodate lease modifications and reassessments.
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And also fields to accommodate impacts to calculated results.
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And finally fields to accommodate company-specific details necessary for reporting and journal entries.
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Our new Impairment feature allows for the selection of the Effective Time and an option to apply the impairment from the beginning of the month (before recalculating depreciation) or at the end of the month (after recalculating depreciation).
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It also allows for the ability to Impair TO a specific value or Impair BY a specific value.
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Finally you can enter the value of the Impairment.
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Multiple Impairments could be applied to different time periods for the same lease.
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We also provide a Lease Classification feature which will allow for proper classification of either an Operating or Financing lease for ASC 842.
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Buttons at the top of the form to Validate lease Master data, Save and Close the form when making updates, or simply to Close the form.
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Documents and Comments can be saved and maintained for each Lease Asset directly from the Lease Register
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Full payment schedule can be run directly from the Lease Register.
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Standard Reports include options to choose from Contract, Entity or Group Currency calculated results
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Also parameters to choose Year to Date or Periodic results and IFRS 16 or ASC 842.
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Standard Reports include ability to see calculated results at the Lease Asset level.
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The same format will also show total aggregated results at the Entity level.
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Reports are formatted to show a 12 month trend.
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And also full monthly roll forward details for the Balance Sheet.
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The ad hoc report allows for data mining and analysis.
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Maturity and weighted average reports to assist with disclosures.
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Options to generate journal entries to be posted directly within the OneStream cube or extracted to external ERP system.
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ERP journal provides ability to generate output to comply with multiple ERP systems.
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Simulation Reports gives ability to see full Lease Asset amortization schedule from the start until the end of the lease term.
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Audit log which tracks changes to all data changes and updates to system settings
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Easily model lease repository for Budget/Forecast process
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