ZapLease is an AI-powered lease accounting software designed for Indian enterprises. It automates Ind AS 116 and IFRS 16 compliance by extracting lease data from documents, managing the full lease lifecycle, handling modifications, and generating audit-ready financial reports.

How accurate is the AI document extraction?

ZapLease AI extraction achieves 95%+ accuracy when processing lease contracts in PDF, DOCX, or scanned image formats. Key terms like lease start dates, payment schedules, escalation clauses, and incremental borrowing rates are extracted automatically.

Does ZapLease support Ind AS 116 compliance?

Yes, ZapLease is fully compliant with Ind AS 116 (Indian Accounting Standard for Leases). It automatically calculates Right-of-Use assets, lease liabilities, generates journal entries, notes to accounts, and all required disclosure reports.

How many lease modification scenarios does ZapLease handle?

ZapLease handles all 4 lease modification scenarios (S1-S4) as defined by Ind AS 116 and IFRS 16, with correct P&L treatment and automatic recalculation of lease liabilities and ROU assets.

Can ZapLease manage leases across multiple companies?

Yes, ZapLease supports multi-company management with parent/subsidiary structures and consolidated reporting across 9 currencies, making it ideal for enterprise groups with complex lease portfolios.

AUDIT-READY

Generate Audit-Ready Reports in One Click

Journal entries, notes to accounts, and consolidated reports — all compliant with IFRS 16 and Ind AS 116. Filter by FY, category, or company. Export to Excel instantly.

See Report Samples

Financial Reports

Journal Entries - FY 2024-25

Lease Rent Expense1,25,000-

Bank Account-1,25,000

Interest on LL18,750-

Lease Liability-18,750

Depreciation - ROU42,360-

ROU Asset-42,360

Three Report Types, One Platform

Everything your finance team and auditors need, generated automatically from your lease data.

Journal Entries

Complete journal entries for every lease accounting event, generated automatically from your amortization schedules.

Lease rent expense / payment
Interest on lease liability
Depreciation on ROU asset
Interest on security deposit
Interest on ARO
Gain / Loss on modification

Notes to Accounts

Disclosure-ready notes that comply with IFRS 16 / Ind AS 116 presentation requirements for financial statements.

Lease liability movement schedule
ROU asset movement schedule
Maturity analysis of lease payments
Opening & closing balance reconciliation
Category-wise breakup

Consolidated Reports

Master journal entries aggregated across all lease categories and companies with grand totals.

Cross-category journal entries
Company-level consolidation
Grand total summaries
Category-wise subtotals
Multi-entity rollup

Reporting That Works for You

FY & Custom Date Filters

Generate reports for any financial year or custom date range. Instantly switch between periods.

Category & Company Filters

Filter reports by lease category, company entity, or any combination for precise reporting.

Excel Export

Export any report to Excel with one click. Formatted, ready for auditors or management review.

Original / Modified / Combined

View schedules as originally created, as modified, or in a combined view for complete perspective.

Frequently Asked Questions

What journal entries does ZapLease generate?

ZapLease generates journal entries for lease rent (operating payments), interest on lease liability, depreciation on ROU assets, interest on security deposits, interest on ARO, and gain/loss entries for modification scenarios S2 and S3. All entries are date-stamped and category-tagged.

Are the reports compliant with IFRS 16 and Ind AS 116?

Yes. All reports — journal entries, notes to accounts, and maturity analysis — follow the disclosure and presentation requirements specified in IFRS 16 and Ind AS 116. They are designed to be directly usable by auditors.

Can I export reports for my auditors?

Absolutely. Every report can be exported to Excel with a single click. The exports maintain proper formatting, include all calculated fields, and are ready for auditor review without additional formatting.

How does the consolidated report work across companies?

The consolidated report aggregates journal entries across all lease categories and all company entities. You can view grand totals, category-wise subtotals, and company-level breakdowns — all in a single report.