Outsourced Lease Management Service

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Lease management services

We know and understand IFRS 16 because we work with it every day. Our lease management services aim to ease the challenges of lease accounting. Utilising our technology solution, BDO Lead, we handle all necessary calculations, while our expert team takes care of preparing your journals and reports.

 

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What are BDO's lease management services?

BDO's lease management services help to reduce costs and improve efficiencies.

Our IFRS Lease Advisory team manages all your leases in your lease portfolio and provides the information you need to account for your leases under IFRS 16(AASB16), reducing complexity and saving you time to focus on doing what you love. Whether your information is stored in Excel or another platform, our experts ensure your data is imported into our system in a simple, secure and seamless way.

Our services include:

  • Conducting a thorough analysis to support your policy decisions before transitioning to our lease management service  
  • Providing your staff with relevant IFRS 16 learning materials 
  • Uploading your data into BDO Lead  
  • Offering guidance to assist your project team in gathering the necessary outstanding lease accounting data  
  • Providing monthly accounting journals and audit information tailored to your organisation’s format and level of detail  
  • Going a step further by providing assistance with sublease accounting and make-good provision discounting. 

The implementation process of BDO's lease management service

What is the ongoing process of BDO's lease management service?

1

Between the 8th and 11th of each month

BDO will contact you or your specified contact to request new and updated lease information.

2

Between the 12th and 16th of each month

You or your specified contact will provide the requested new and updated lease information.

3

Between the 28th and 31st of each month

BDO will provide you with the information and journals, including depreciation, interest and lease liability amounts.

The benefits of outsourcing your lease management with BDO

We work with clients Australia-wide to provide a seamless lease management service that saves our clients time and money. The benefits you can expect from working with BDO are:

  • No need to invest in or acquire costly lease management software
  • Lower cost and no complex IT implementation projects
  • Free up your employees to work in your business while we work on your business
  • Save time learning about the requirements of the new leasing standard and use our IFRS advisers' expertise
  • Ongoing access to our IFRS advisory specialists for clarity
  • Audit trail provided for you and your auditor 
  • Professional assistance with auditor lease queries. 

Please contact us or any of our friendly and professional IFRS & corporate reporting experts to discuss how we can take the pain out of lease accounting and address your IFRS 16 related business problems. 

Explore further details about managing your lease accounting independently with our BDO Lead platform.

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Examples of leases BDO can manage for you

vehicle fleet

Vehicle fleets

Vehicle fleets may include:

  • Work trucks
  • Utes
  • Boat fleets.

buildings and office locations

Buildings & other locations

Buildings and other locations may include:

  • Retail locations within shopping centres or malls
  • Office locations, either street-side or within a building
  • Investment properties.

machinery

Machinery & equipment

Machinery and equipment may include:

  • Industrial machinery
  • Computers and IT equipment
  • Forklifts and other vehicles.

Contact us

Contact our team to discuss your needs using the request for service form.
Alternatively, call 1300 138 991 to speak with an adviser in your nearest BDO office.

Meet our team

Aletta Boshoff smiles at the camera

Aletta Boshoff

National Leader, IFRS & Corporate Reporting
National Leader, Sustainability
Partner, Advisory
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A photo of Clark Jarrold looking straight ahead with a view of BDO Brisbane in the background

Clark Jarrold

Partner, Audit & Assurance, Financial Reporting & Accounting
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