| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 1149 |
| Technical Name |
us_asc_842_lease_accounting |
| License | OPL-1 |
| Website | https://pokutsoft.com |
| Versions | 18.0 19.0 |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 1149 |
| Technical Name |
us_asc_842_lease_accounting |
| License | OPL-1 |
| Website | https://pokutsoft.com |
| Versions | 18.0 19.0 |
US ASC 842 Lease
ASC 842 lessee accounting: lease liability present value, right-of-use asset, amortization schedules, operating vs finance classification, monthly journal proposals and maturity-analysis disclosure
ASC 842 lessee accounting: lease liability present value, right-of-use asset, amortization schedules, operating vs finance classification, monthly journal proposals and maturity-analysis disclosure
Key Features
Capture a lease once
term, payment frequency and timing (advance or arrears), base payment with fixed annual escalations, discount rate (implicit rate or incremental borrowing rate), prepaid rent, initial direct costs and lease incentives.
Operating vs finance classification runs the five ASC
Operating vs finance classification runs the five ASC 842-10-25-2 criteria (ownership transfer, reasonably-certain purchase option, 75% lease-term test, 90% present-value test, specialized asset) and suggests a classification while leaving
Present-value engine discounts the contractual payment strea
Present-value engine discounts the contractual payment stream (honouring advance vs arrears timing) to measure the initial lease liability, then measures the right-of-use (ROU) asset as liability + prepaid + initial direct costs - incentive
Amortization schedule period by period
liability interest accretion and principal, plus ROU amortization. Finance leases amortize the ROU asset straight-line; operating leases recognise a single straight-line lease cost with the ROU amortization as the balancing plug. The schedu
Short-term lease exemption
leases of 12 months or less with no reasonably-certain purchase option are expensed straight-line.
Monthly journal-entry proposals generate balanced draft jour
Monthly journal-entry proposals generate balanced draft journal entries for each period (interest, payment, amortization) for both lease types.
Remeasurement recomputes the liability on the present value
Remeasurement recomputes the liability on the present value of the remaining payments at a revised rate or payment and adjusts the ROU asset.
Maturity analysis / roll-forward disclosure aggregates the s
Maturity analysis / roll-forward disclosure aggregates the schedule by year (opening, payments, interest, principal, closing).
Screenshots
Leases
Remeasure Lease
Journal Proposals
Remeasure Lease
Amortization Schedules
Why Choose This Module
ASC 842 forced operating leases onto the balance sheet. Most companies still track them in spreadsheets. This module brings the full lessee lifecycle into Odoo, depending only on account (Community-friendly).
Specifications
- Compatible: Odoo 18.0 / 19.0
- License: OPL-1
- Languages: 35+
- Author: Pokutsoft
- Dependencies: account
- Support: support@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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