Operating lease management model

In cases of multiple operating lease contracts, with different start and end dates of the lease, in addition to the difference in the rental year between Gregorian or Hijri, as well as other contract terms such as maintenance, electricity, etc., as well as inaccurate accounts of the advance or accrued expenses, this leads to many risks, whether On the financial level, which may lead to an increase in the amounts paid to the lessor more than necessary, as well as on the accounting level, which leads to errors in accounting guidance, which leads to inaccuracy of the financial statements, etc. Therefore, this file was designed as a tool for organizing operating lease contracts, and we can extract all the information or… Reports related to lease contracts through it, and it is also considered an analytical file for all balances associated with operational lease contracts in the accounting system.

This product is suitable for each of the following categories:

This product is suitable for all companies and institutions that have a number of rented units, which are difficult to manage only through the accounting system, as the accountant needs an Excel file designed by an expert to manage the accounts of those contracts without being exposed to any of the risks.

Product features:

“1-The program is suitable for managing any number of operating lease contracts, regardless of their forms, terms, and dates.
2- The accountant can enter the dates associated with contracts in the Hijri format or in the Gregorian format, as the program converts each to the other automatically.
3-The program is a main reference for data on all contracts with all their details, without the need to extract the contract from the archive to review the contract data.
4-The program provides proposals for optimal accounting treatments for operating lease contracts, in a way that maximizes the client’s benefit and facilitates obtaining the required information.
5-The program automatically creates daily entries once the contract data is recorded, and that is during the fiscal year only.”

Product contents:

“1- Explaining the best accounting treatment methods for operating lease contracts, according to the different forms and terms of the contracts.
2- Basic data tables for operating lease contracts that must be entered by the client.
3- Automated daily restriction tables for operating lease contracts.”

Sources:

These models were created and designed by a team of experts and specialists in accounting and information systems.