Lease register
Lease ID, lessor, classification, invoice, dates, tenure, value, IBR, rentals and balances.
The operating question
The calculation is only one part of lease control.
Finance also needs complete source data, controlled policy inputs, approvals, payment evidence, change history and a defensible relationship between the lease and the assets in use.
Which source records support initial recognition?
How are schedules compared with actual recorded payments?
Can modifications be reproduced from approved inputs?
Which physical assets and field evidence support the finance record?
Connected workflow
From approved source data to reviewable records
- 01
Prepare source data
Collect terms, dates, payments, options, costs, incentives and asset references.
- 02
Review policy inputs
Finance confirms scope, commencement, discount rate, classification and treatment.
- 03
Generate records
Maintain the configured lease, liability, ROU, payment and expense schedules.
- 04
Reconcile
Compare scheduled obligations, invoices, recorded payments and asset totals.
- 05
Control changes
Approve modifications, corrections, period actions and exports.
Connected records
What stays connected
Liability schedule
Opening liability, interest, payment, principal reduction and closing liability by period.
Payment schedule
Payment dates, base rental, applicable tax fields and total scheduled amount.
ROU depreciation
Opening ROU asset, depreciation expense and closing ROU asset by period.
Lease expense
Interest, depreciation and total lease-expense records for the configured process.
Asset-level versions
Name, model and asset or ERP number connected to the relevant lease schedules and reports.
Illustrative example
A quarterly equipment lease with broken periods
The source record can include a commencement date, quarterly payments, first and last broken periods, a balloon or buyout term, refundable deposit and asset-level identities. Finance approves how those inputs are treated.
No numerical result is shown because calculation methodology and policy assumptions require qualified review.
SourceContract, invoice, GRN
TermsQuarterly + broken periods
RecordsLiability, ROU, payment
ReviewReconciliation and evidence
Business value
What the organisation gains
Controlled inputs
Make the assumptions, source documents, approvers and changes visible to the finance team.
Repeatable schedules
Keep calculation records and versions available for review and reconciliation.
Connected evidence
Link the finance record to procurement, receipt, asset identity, location and field verification.
Scope and responsibility
What the platform supports—and what people decide
ServiceTiket maintains configured records, schedules, approvals and evidence. The organisation and its advisers remain responsible for accounting policy, treatment, review and compliance.
Ind AS 116 is the primary accounting context for the India offering. IFRS 16 or ASC 842 requirements are assessed separately where group reporting requires them.
Calculations, reports, integrations and controls are confirmed during discovery and testing before they are included in an implementation scope.
Continue exploring LeaseOps
A useful first conversation
Map one real asset from contract to field reality
Bring an anonymised lease schedule, asset register, or workflow. We will map where the records separate and what a controlled process could look like.
Request a finance workflow review