FMIS Lease Accounting

What FMIS Lease Accounting is

FMIS Lease Accounting helps lessee finance teams manage real estate, equipment, and retail leases while supporting IFRS 16 and ASC 842. It calculates right-of-use assets and lease liabilities, then produces lease schedules and general ledger postings. Teams can record mid-term adjustments, payment or term changes, interest-rate changes, early settlements, and terminations. Bulk import, update, and processing functions address organisations handling large lease volumes. Reports include lease summaries, period values, and full lease details, with PDF and Excel reports and data exports. FMIS offers cloud-based SaaS or on-premise installation, either as a standalone product or integrated with other systems. It says the software can connect with its wider product range and customers’ accounting and ERP software; its partners page lists AccountMate and Deltek partnerships. FMIS describes role-based permissions, multi-factor authentication, encryption in transit and at rest, ongoing scanning, and annual independent penetration testing. Its approach aligns with ISO 27001, ISO 9001, and Cyber Essentials Plus. User training and direct support from FMIS are available. Pricing is tailored by licences, assets, companies, modules, and deployment; hosting, training, and set-up are included in the estimated quote.

Who it suits

Designed for accounting professionals and finance teams responsible for lessee accounting, including organisations using IFRS reporting. It is suited to teams handling lease changes or large volumes that need schedules, postings, and reporting.

Limits

The estimated quote varies with licences, assets, companies, modules, and deployment. Hosting, training, and set-up are included in that estimate.

Getting started

1. Open the FMIS Lease Accounting website
2. Contact FMIS for a tailored quote based on licences, assets, companies, modules, and deployment
3. Choose cloud-based SaaS or installed on-premise deployment
4. Arrange hosting, training, and set-up within the estimated quote
5. Connect FMIS Lease Accounting with FMIS products or accounting and ERP software as needed
6. Use FMIS user training and direct support

Verdict

FMIS Lease Accounting covers lease calculations, changes, reporting, and bulk processing for lessee finance teams. Ask for a tailored quote to understand the configuration and deployment costs for your organisation.