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

✓Manage lease asset category directly inside Odoo without spreadsheets.

✓Manage ifrs 16 lease contract directly inside Odoo without spreadsheets.

✓Manage lease remeasurement directly inside Odoo without spreadsheets.

✓Stay audit-ready with German statutory references and exportable worksheets/files (you submit under your own login).

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 (<= 12 months) and low-value lease recognition exemptions with straight-line expense. Early-termination gain / loss and IFRS 16 maturity-analysis disclosure report (undiscounted payments bucketed within 1 year through over 5 years).

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