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Description
AMTdirect is widely recognized as the leading solution for lease administration and accounting, specifically tailored to ensure compliance with FASB 842. Aimed at portfolios with fifty or more locations, AMTdirect strives to resolve the everyday challenges encountered by professionals in corporate real estate. The platform enables users to manage a comprehensive inventory of their properties, locations, lease agreements, related expenses, revenues, and documents in a single, accessible interface. Furthermore, for lessee accounting, it facilitates compliance with ASC 842, IFRS 16, and GASB 87 for lease receivables that are connected to a head-lease payable, accommodating both third-party and intercompany subtenants. Additionally, the lease-level accounting feature provides a detailed audit trail for each lease, including all balance sheet calculations such as amortization, opening and closing liabilities, interest, and depreciation for each accounting period in accordance with the company's specific accounting calendar. This holistic approach not only simplifies lease management but also enhances transparency and accuracy in financial reporting.
Description
TURBO-Lease™ offers a comprehensive accounting software solution for lessors, featuring more than 80 predefined reports that can be directed to various formats such as screen, paper, PDF, or Excel. Users can generate forecasts for future balances or pull historical data to meet audit needs. The software allows customization by permitting users to define eight fields, which can be utilized to categorize leases according to specific identifiers like bank, vendor, salesperson, note, or equipment type. Included in the features are trial balance reports that facilitate reconciliation with your general ledger by reflecting transactions within your selected date range. Each report provides detailed information, including the opening balance, activities for the current period, necessary adjustments, new business entries, and the final balance. Additionally, there are specialized trial balance reports available for various financial aspects, including lease receivable, residual receivable, income, residual income, initial direct costs, advance payments, security deposits, and associated fees. This extensive suite of reporting tools ensures that users can effectively monitor and manage their leasing operations.
API Access
Has API
API Access
Has API
Integrations
HubSpot CRM
HubSpot Customer Platform
MRI Software
NetSuite
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$1250.00/one-time
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
MRI Software
Founded
1971
Country
United States
Website
www.mrisoftware.com/solutions/lease-accounting-software/
Vendor Details
Company Name
Better Programs
Founded
1985
Country
United States
Website
turbolease.com
Product Features
Lease Accounting
Amortization Schedule
Asset Management
Billing & Invoicing
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management
Product Features
Lease Management
Billing & Invoicing
Commercial Leases
Contact Management
Landlord Database
Lease Classification
Portfolio Management
Property Management
Residential Leases
Retail Leases
Sublease Management
Tenant Database