Client

Foreign company.

Objectives

Situation:

  • The customer maintains its accounting records in SAP, which does not have automated lease accounting functionality in accordance with FAS 25/2018.
  • The customer maintains lease accounting registers according to FSAS 25/2018 in Excel.
  • It was decided to keep lease accounting separately in 1C and then transfer the entries to SAP.

Required: Restatement of FAS 25/2018 lease accounting for the years 2022 and 2023.

Work stages

  • Lease agreements for 31.12.2021 have been entered.
  • All transactions for the period 2022-2023 were performed to correctly reflect lease transactions.
  • Verification of correct reflection of transactions was performed.
  • Prepared instructions to the client on recording lease transactions in accordance with FSAS 25/2018 and conducted training.

Result: Lease accounting is set up and automated.

Accounting Accounting recovery