Leasing vs financing: Choosing the right path for your equipment
When it comes to acquiring business-critical equipment, organisations often face a key decision: to lease or to ...
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Be smarter with your time and more strategic with your leasing
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It is common for entities within the mining and materials sector to lease a substantial number of big-ticket assets that are impacted by IFRS 16, such as excavators, conveyor equipment, underground crushers, storage warehouses, material handling equipment and trucks.
Under the IFRS 16 standard, many of these assets and liabilities need to be brought onto a lessee’s balance sheet. This PDF will provide you with information about the implications of IFRS 16 for the mining and materials industry. It will answer all your questions related to:
Main changes
Definition of a lease
The impacts on the mining and materials industry
Our LOIS team are all CA qualified accountants. Therefore, Quadrent is the only company in the sector offering lease accounting expertise to support and provide advice for a lease accounting software solution. Coming from a foundation of accounting expertise rather than a stock standard SaaS rollout, LOIS is developed alongside our partner IRIS Innervision, and with years of leasing experience within the team, this is a product that truly understands leasing.
The partnership between IRIS Innervision and Quadrent has benefited some of the largest companies across Australia and New Zealand. These companies need strong automated and controlled accounting ledgers in an easy-to-use and efficient program.
