Get in touch

For general enquiries, please fill out the form and one of the team will be in touch.

Alternatively, you may contact us directly by using the following contact information below.

What’s Inside?

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Far far away, behind the word mountains, far from the countries Vokalia
Far far away, behind the word mountains, far from the countries Vokalia
Far far away, behind the word mountains, far from the countries Vokalia

Research and
collation

We’ll get to know your key stakeholders so we fully understand your requirements

We’ll assess the state of your existing information (hard copy documentation, spreadsheets, databases, etc) and the approximate number of agreements you have so we can plan the most efficient way to onboard your data.

Planning &
account set-up

We’ll make sure you get value for money

We’ll review your entire portfolio, customise the way your account is set-up, determine which data structure to use (eg, grouping properties together), and create the custom fields and reports you need so you get the best out of Nomos One.

Onboarding your
data & agreements

Onboarding is more than just data entry

We’ll read through all of your original documents, data files and correspondence, identify all relevant dates, rates and clauses and enter them into Nomos One.

We’ll upload your documentation and we’ll check your information for any inconsistencies, errors or missing records.

In our experience, this level of scrutiny often turns up gaps or issues that once addressed, save our clients money and help reduce future issues.

One of NZ’s Largest
Telecommunications Companies

“Managing a large property portfolio, with documents in the tens of thousands, is made easy with Nomos One. Spark’s property portfolio data (including financial, material terms, and key dates) is now managed in a single centralised system that is accessible 24/7 by our property experts.”

FAQs

What is lease accounting?

Lease accounting is the recognition of the transactions and balances associated with lease contracts and events for a business’ financial reporting. Both lessors and lessees are required to account for lease transactions, though each in different ways. With the introduction of IFRS 16 (AASB 16), lessees are required to recognise a lease liability and a right of use asset, while little has changed for lessors, who continue to differentiate between operating and finance leases.

What is lease accounting software?

Lease accounting software is a tool that empowers enterprises to manage their lease portfolio more effectively. Lease accounting software is designed to centralise information and effectively automate previously manual administrative tasks. Lease accounting software assists businesses in managing their lease and accounting regulations.

The software eliminates the requirement for paper trails, and most quality software will set reminders for the business’ upcoming financial milestones to ensure that critical dates are never overlooked.

What is IFRS 16?

Under IFRS 16, lessees are required to recognise a lease liability for the future expected lease payments as well as a corresponding asset that represents their right to use the leased asset.

The lease liability is based on the present value of the future fixed and in substance fixed lease payments. The liability is an amortising liability whereby interest is accrued and expensed over the life of the lease.

The right-of-use asset is equal to the lease liability at the beginning of the lease liability calculations (subject to any prepayments, initial direct costs incurred, and estimated restoration obligations) and is depreciated on a systematic basis over its useful life.

Who needs lease accounting software?

Essentially, lease accounting software is designed to meet the needs of finance teams, accountants, auditors and property managers.

Lease accounting software solutions may be necessary for anyone who has to manage leasing activities, the financial impacts of leasing, and comply with lease accounting standards. This includes property investors, tenants, leasers, real estate agents, small business owners and accountants.

Both tenants and the lessor can utilise lease accounting software to manage all types of real estate assets. Quality, reliable and advanced lease accounting software has become crucial in recent times for both lessees and lessors to assist towards compliance with ever-evolving lease specific accounting and depreciation standards.

What is the best lease accounting software?

We may be biased; however, we vehemently believe that Nomos One encompasses everything that the best lease accounting software embodies.

Nomos One presents a trustworthy, effortless lease accounting software solution. Ideal for property, equipment, vehicles and all other types of assets, Nomos One is the best lease accounting solution because it is advanced, customisable, flexible and reliable. With Nomos One, you are offered critical date alerts, equipment lease management, amortisation schedule, capitalisation reporting, and the ability to adapt the software to meet your lease accounting circumstances’ unique demands.

If you want to learn more about our leading lease accounting software solutions, do not hesitate to contact our friendly team. Nomos One is designed to simplify and streamline laborious administrative processes – from our software solutions to our exceptional customer service; we’re here to ensure your experience meets and exceeds all expectations. Request a demo today.