Sign in and add leases to generate journal entries.
Add leases to generate reports.
Complete guide to managing leases, workflows, disclosures, and exports for CA firms and finance teams.
Go to Companies in the sidebar → click + Add Company. Enter your client's legal name, GSTIN, FY start month (April for Indian entities), and reporting standard (IND AS). Each company acts as a reporting container for its leases.
Go to Leases → click + Add Lease. Fill the Inputs tab: lease name, lessor, asset class, commencement date, term, rent per period, IBR (discount rate), and link to the company you created. Then click Calculate.
After calculating, check the Schedules tab for the amortization table, Journal Entries for Day 1 and periodic JEs, and Disclosures for the Para 52 note. The Overview tab shows key figures at a glance.
Once you're satisfied, move the lease from Draft → Ready for Review → Reviewed → Approved using the status pill in the top-right of the lease workspace. The system checks conditions at each step.
Click the Export Pack button (top-right of lease or company workspace) to open the Export Center. Choose Lease Pack, Company Pack, or Portfolio Pack depending on what you need.
Every lease has a workflow status that tracks where it is in your review and approval process. Think of it like a document going from a CA's desk to a partner's sign-off.
| Status | What it means | Conditions to enter | Who sets it |
|---|---|---|---|
| Draft | Lease is being prepared or filled in. All fields are editable. | Default for any new lease. No conditions. | Preparer (CA / staff) |
| Ready for Review | Lease inputs are complete and sent to the reviewer. | ✅ No validation errors ✅ Lease name & lessor filled ✅ At least one calculation run ✅ Company linked | Preparer |
| Reviewed | Reviewer has checked the lease and signed off. | ✅ Reviewer name entered ✅ Review date captured (Audit & Review tab → Sign-Off) | Reviewer (senior CA) |
| Approved | Partner / approver has approved. Lease is final. | ✅ Lease must be Reviewed first ✅ Approver name entered ✅ Approval date captured | Approver (partner / CFO) |
| Modified | Lease terms changed after approval — needs fresh review. | Can be set from any status. Signals that recalculation and re-review are needed. | Anyone |
| Closed | Lease has ended or been terminated. | Can be set from Approved or Draft. Lease becomes inactive. | Anyone |
When you click a status button and see a red gate modal — read the list. Each item tells you exactly what's missing. Fix those items, then try again. If you only see yellow warnings (not red errors), an Override button will appear to force the change.
| Tab | What you'll find | When to use it |
|---|---|---|
| Overview | Key figures (ROU, liability, depreciation), workflow status, validation summary, sign-off health badge | Quick sanity check after calculating |
| Inputs | All lease parameters — dates, rent, IBR, escalation, exemptions, company link | Filling in or editing the lease |
| Schedules | Period-by-period amortization table + Annual FY rollforward (switch with Period / Annual toggle) | Verifying amortization numbers, cross-checking with GL |
| Journal Entries | Day 1 recognition JE + periodic interest accrual, payment, depreciation entries | Posting to accounting system, audit support |
| Disclosures | Para 52 maturity analysis, liability movement, ROU movement, P&L disclosures | Preparing notes to financial statements |
| Documents | Upload slots for Lease Agreement, Amendment, Termination Letter, Memo, Disclosure Note | Attaching source documents for audit trail |
| Audit & Review | Validation issues, explanation panel ("how was this calculated"), audit trail log, Sign-Off fields | Review process, audit queries, sign-off |
The Company Workspace aggregates all leases under one entity into a single view — useful for preparing consolidated disclosures for a client.
Go to Companies in the sidebar → click Open → on any company card.
See 15 KPIs across all leases: total liability, ROU asset, depreciation, workflow counts (how many Draft / Pending / Approved), alerts (missing docs, expiring leases, validation errors).
Filter by workflow status or lease status. Click any lease row to jump straight into that lease's workspace.
See the consolidated Para 52 maturity analysis across all company leases. Click Export Pack to export a full Excel disclosure pack.
The Export Center is the single place for all reports. Access it from the Export Pack button on any lease, company, or the Leases page.
| Tab | Best for | Key exports |
|---|---|---|
| Lease Pack | Single lease working papers for audit | Working Paper Pack, Premium 12-sheet Report, Disclosure Note, JE Export |
| Company Pack | Client-level reporting and audit | Company Disclosure Pack, Lease Register, Validation Report, Company JE Pack |
| Portfolio Pack | All leases across all clients | Portfolio Summary, All Disclosures, All JEs, Expiry Tracker, Premium Portfolio Pack |
IBR (Incremental Borrowing Rate) is the rate the lessee would pay to borrow funds to obtain an asset of similar value over a similar term. For Indian entities, typical range is 8–14% p.a. Use SBI MCLR + spread as a benchmark. Document your IBR basis in the Remarks field — this is an audit-sensitive judgment.
This is how often the lessee makes rent payments. Select the frequency that matches your lease agreement. The engine calculates the periodic discount rate accordingly (annual IBR ÷ 12 for monthly, ÷ 4 for quarterly, etc.).
Beginning (Advance) means rent is paid at the start of each period (common for office leases in India — first cheque on day 1). End (Arrears) means rent is paid at the end. This affects the PV calculation — advance payments give a slightly lower liability.
Short-Term: Lease term (including renewal options) is 12 months or less. Low-Value: Underlying asset value when new is below ~₹5 lakh (approx. USD 5,000 per IFRS 16 guidance). When checked, the tool skips ROU/liability recognition and treats rent as straight-line P&L expense.
Read the red gate modal carefully. Each blocker tells you exactly what's missing. Common fixes: (1) Run Calculate at least once before marking Ready for Review. (2) Fill Reviewer Name + Date in the Audit & Review tab before marking Reviewed. (3) A lease must be Reviewed before it can be Approved.
Open the lease → change the inputs (revised rent, revised term, revised IBR) → click Calculate. Set the workflow status to Modified and note the modification date and reason in the Remarks field. Then re-run the full review workflow: Modified → Ready for Review → Reviewed → Approved.
ROU (Right-of-Use) Asset: The asset recognised on Day 1 = Present value of future lease payments + Initial Direct Costs − Lease Incentives. It is depreciated on a straight-line basis over the lease term. Lease Liability: The present value of all future lease payments, unwound using the IBR. It reduces with each payment and increases with interest accrual.
Open the lease → click Export Pack button → select Working Paper Pack for a 5-sheet Excel workpaper (lease assessment, amortization, rollforward, JEs, IBR working). For a full Big-4 style 12-sheet pack, select Premium Report Pack.