Lease Accounting IFRS 16 / ASC 842 (Lessee)
Standards-grade lessee lease accounting: right-of-use assets, lease liabilities, interest unwind, remeasurement and disclosure
Lease Accounting IFRS 16 / ASC 842 (Lessee) Companies that lease property, vehicles or equipment as a lessee must, under IFRS 16 and ASC 842, recognise a right-of-use (ROU) asset and a lease liability at the present value of future lease payments, then unwind interest and depreciate the asset over the lease term. Community Odoo has no real lessee engine. This app is that engine:
Key Features
Lease Asset Category
Lease Asset Category. Tracks Default IBR (%), Default Useful Life (months). One-click open leases.
IFRS 16 Lease Contract
IFRS 16 Lease Contract. Tracks Reference, Lessor, Underlying Asset, Asset Category, Notes. One-click compute schedules, activate, reset reset to draft, close, terminate.
Lease Remeasurement
Lease Remeasurement. Tracks Revised Rate (%), Remaining Periods, P&L Impact. One-click apply.
Community Odoo has no real
Community Odoo has no real lessee engine.
Present-value measurement of the lease
Present-value measurement of the lease liability from a payment schedule, a discount rate (incremental borrowing rate), payments in advance or in arrears, and monthly / quarterly / semi-annual / annual frequencies with effective or simple periodic compounding.
ROU asset built from the
ROU asset built from the initial liability plus initial direct costs and restoration provision, less lease incentives received, plus any prepaid lease payments.
Full period-by-period lease liability amortisation
Full period-by-period lease liability amortisation schedule (opening, interest, payment, principal, closing) that unwinds exactly to zero.
Straight-line ROU depreciation schedule with
Straight-line ROU depreciation schedule with a posting workflow.
Use Cases
Screenshots
Asset Categories
Leases
Remeasurements
Why Choose This Module
Present-value measurement of the lease liability from a payment schedule, a discount rate (incremental borrowing rate), payments in advance or in arrears, and monthly / quarterly / semi-annual / annual frequencies with effective or simple periodic compounding. ROU asset built from the initial liability plus initial direct costs and restoration provision, less lease incentives received, plus any prepaid lease payments. Full period-by-period lease liability amortisation schedule (opening, interest, payment, principal, closing) that unwinds exactly to zero. Straight-line ROU depreciation schedule with a posting workflow. Remeasurement on modification: index / CPI rate change, change of term, or change of payment, re-discounting the remaining payments and adjusting the ROU asset (with any excess taken to profit or loss). Short-term (
Specifications
- Compatible: Odoo 18.0 / 19.0
- License: OPL-1
- Languages: 35+
- Author: Pokutsoft
- Dependencies: base, mail
- Support: support@pokutsoft.com
- Update date: 2026-07-18
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
Discuss (mail)
|
| Lines of code | 1351 |
| Technical Name |
lease_accounting_ifrs16 |
| License | OPL-1 |
| Website | https://pokutsoft.com |
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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