Lease Accounting &
Portfolio Reporting
TURBO-Lease™ includes over 80 lease accounting
and portfolio reports for equipment and vehicle leases.
Lease Portfolio Reporting
TURBO-Lease™ lessor accounting software includes over 80 standard reports for managing equipment and vehicle lease portfolios. Reports can be viewed on screen, printed, saved as PDF or exported to Excel. Reporting can be run for future periods to forecast balances or for prior periods to support historical and audit requirements. User-defined fields allow leases to be grouped and reported by categories such as bank, vendor, salesperson and equipment type.
Lease Accounting Trial Balance Reports
TURBO-Lease™ trial balance reports are designed to help reconcile lease accounting balances to your general ledger. Reports can be run for a specified date range and show beginning balances, current-period activity, adjustments, new business and ending balances. Trial balance reporting is available for lease receivables, residual receivables, income, residual income, initial direct costs, advance payments, security deposits and fees.
Lease Equipment Depreciation Reporting
TURBO-Lease™ provides depreciation reporting for equipment in your lease portfolio for both book and tax purposes. Book depreciation uses the straight-line method and can optionally depreciate equipment to its residual value. Tax depreciation follows IRS Publication 946 and supports MACRS 200% and 150% methods as well as bonus depreciation. When equipment is sold, TURBO-Lease can also report the resulting gain or loss.
