Instead, you should use reliable lease accounting software.
But first…
Table Of Contents
What is Trullion?
This function enables controllers, CFOs, and their partners to collaborate seamlessly in one integrated platform.
Once the AI finishes scanning, youll see the extracted data inputs aligned with the financial reporting standards.
Trullion also has reporting functionalities.
you’ve got the option to even choose a disclosure report.
Trullion displays the weighted averages, maturity analysis, and even a roll forward in balance sheet reconciliation.
This gives you 360-degree visibility into your audit trail.
When you select one, Trullion takes you back to the original agreement on the software for your reference.
When youve inputted the new details, poke the modification button to launch the workflow.
you might add a new document file or payment and extend or adjust the agreements data points.
With this visual modification feature, youll then see a timeline created at the bottom of the software screen.
When you check your report, you and your auditors can instantly view the active record.
If you proceed with your spreadsheet, the system detects the column headers within your data.
Once its imported, you could select it and see any leases within the software.
When I upload it on Trullion, the system remembers the data fields used previously.
When you review your data, Trullion shows the adjustments in three categories.
First, it displays the changes applied to the document, specifically the old and new values.
Second, Trullion detects and shows the removals, which are assets no longer seen in the spreadsheet.
you’re able to also decide whether to terminate, ignore, or change them.
Lastly, Trullion will list the unmodified details, which will continue as is in the sheet.
By letting AI automate your lease accounting workflows, you simplify your work and minimize expensive errors.
source: www.techworm.net
