Lease Liability Accounting

Lease liabilities are recognized automatically at commencement based on present value. They are then split into short- and long-term portions, with periodic reclassification keeping balances accurate and ready for reporting.

You can choose how involved you want to be. Some teams set up Onederful themselves. It runs inside Business Central and comes with a predefined setup, so you can prepare your lease data using our template and start working with it quickly. Others prefer to entrust the full process to us or one of our partners. In that case, we handle the setup, data migration, initial configuration, and training of your team - so everything is structured correctly from the start. In both cases, you’re not figuring it out alone. We stay involved where it matters, especially in the first steps, to make sure your lease accounting is set up right and works the way you expect.

Yes. You can use Onederful as a standalone lease accounting solution and connect it with your existing systems. Many teams use it alongside ERP platforms like SAP, Dynamics 365 Finance, or Oracle, keeping lease accounting separate while exchanging the data they need. If you use Microsoft Dynamics 365 Business Central, it works differently. Onederful is installed directly inside Business Central as an extension, using your existing chart of accounts, dimensions, and posting setup. There is no second system, and no integration or data transfer to manage. In practice, it comes down to your setup. You either integrate Onederful into your existing landscape, or run everything directly inside Business Central - both approaches are supported.

It’s your choice how you want to approach it. Some teams choose to set everything up themselves. This usually works well if your team is already familiar with Business Central and has a solid understanding of lease accounting standards. Others prefer to involve us or one of our partners more closely. In that case, we handle the setup, data migration, and provide dedicated training using your data - so everything is structured correctly from the start. The decision typically comes down to two things: how comfortable your team is with Business Central, and how confident they are with lease accounting. In both paths, we’re available to support you when needed - so you don’t get stuck, and you know the system is set up the right way.

Onederful supports IFRS 16, ASC 842, and FRS 102 - the key lease accounting standards used across global, US, and UK reporting.