HUE Lease Accounting

Many useful functions to aid operation are included in

• Function 1

  On-balance processing of right-of-use assets/lease liabilities

  On-balance recording of right-of-use assets and liabilities, automated amortization calculations/automated journal entry creation/debt repayment schedules based on the interest method.

  
• Function 2

  Automated lease re-estimation

  Automatic calculation of discounted present value and registration of increase/decrease in re-estimates simply by entering changes in lease term/lease payments. A history of changes can be kept and automatically reflected in journal entries and increases/decreases.

  
• Function 3

  Attachment management

  Attached files, such as the original contract and accompanying approval documents, can be uploaded and managed by linking them to the contract.

  
• Function 4

  Batch input/upload

  Contract registration and changes can also be uploaded in batches by file import.

  
• Feature 5

  Full inquiry function for notes

  After aggregation by department and type, information required by various notes, such as amortization, interest expense, increase/decrease, etc., can be queried and output.

  
• Function 6

  Automatic execution of various monthly processes

  Various monthly processes such as journal consolidation and tabulation of debts, payments, and increases/decreases can be scheduled and executed automatically.

  
• Feature 7

  Retention of both accounting and tax expenses

  In accordance with the Tax Reform Bill announced in December 2024, the system maintains both expenses in the case of tax discrepancies. Differences can also be output.

  
• Feature 8

  Automatic creation and linkage of journal data

  Automatic creation of journal data for increases/decreases, write-offs, debt reversals, etc. Automatic linkage to your accounting system is also possible.