IFRS 16 lease accounting inside Business Central: build, buy or bolt on
We assessed a custom extension for right-of-use assets and lease liabilities against spreadsheets and third-party add-ons.
Challenge
Lease schedules lived in spreadsheets, so right-of-use depreciation, interest and remeasurements were slow to produce and hard to audit.
Solution and implementation
Mapped the calculation and posting model first, then compared a purpose-built AL extension with existing options on maintenance cost and fit with the client's chart of accounts.
What to watch for
Remeasurements (term changes, index changes) are where simple models break. Test them before you choose an approach.
Results
We publish measured results only where the client has confirmed them and they cannot identify the client. None are published for this project yet.