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.

Resources

Guides, insights, and best practices for lease accounting professionals. Stay current with Ind AS 116 and IFRS 16 compliance.

FeaturedCompliance

Complete Guide to Ind AS 116 Lease Accounting in India

Everything Indian enterprises need to know about Ind AS 116 — from applicability and key requirements to transition approaches and automation strategies.

ZapLease Editorial8 min read

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Latest Articles

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Insights

Ind AS 116 vs IFRS 16: What Indian CFOs Need to Know

A detailed comparison of Ind AS 116 and IFRS 16 — the key differences, similarities, and practical implications for Indian enterprises with global operations.

6 min read1 Mar 2026

Best Practices

5 Common Lease Accounting Errors and How to Avoid Them

The most frequent mistakes enterprises make with Ind AS 116 lease accounting — from incorrect discount rates to poor documentation — and practical steps to prevent each one.

7 min read15 Feb 2026

Technical

Understanding the 4 Lease Modification Scenarios Under Ind AS 116

A technical deep-dive into the four lease modification scenarios — new lease, decrease in scope, partial termination, and extension — with P&L impact, journal entries, and worked examples.

9 min read1 Feb 2026

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Ind AS 116 Guide

Comprehensive walkthrough of Ind AS 116 requirements

IFRS 16 Comparison

Key differences between Ind AS 116 and IFRS 16

FAQ

Common questions about lease accounting and ZapLease

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