In this guide, we will take you through the practical steps of leveraging specialized software for lease accounting – after explaining the professional complexity, and why it should not be solved using spreadsheets. We start by talking about common challenges businesses face when managing IFRS 16 in Excel, and how converting from Excel to lease accounting software can create business synergies and make the IFRS 16 burden easier to carry.

The guide covers three basic themes:

• The complexity of IFRS 16
• Why spreadsheets are not fit for the job
• How to convert from spreadsheets to lease accounting software in 6 steps