Peruse Lease

Peruse Lease, developed by Peruse Software, Inc., is a comprehensive lease administration and lease accounting software. The vendor claims that this solution is designed to simplify the management of lease agreements for organizations of all sizes, including retail, restaurant, and commercial sectors.

Key Features

842 Processing: According to the vendor, Peruse Lease simplifies the management of 842 (new lease accounting) by providing the necessary tools and an easy initial setup for 842 reporting. The software offers a period-based routine for reassessing and remeasuring schedules, along with a comprehensive history of past schedules for audit review.

Setup New Schedules: Peruse Lease aims to streamline the process of setting up new leases and building initial schedules. The vendor claims that users can quickly create new lease agreements and commence their lease administration tasks.

Reassessment / Remeasure: The vendor states that this feature allows users to reassess their lease portfolio and provides a list of schedules needing review for re-measurement. Peruse Lease provides tools for researching prior to deciding whether to remeasure a schedule, giving users the final decision-making power. It also automates the remeasurement process for added convenience.

Disclosures: Peruse Lease is said to help organizations meet their reporting requirements by creating disclosures. Users can generate various types of disclosures, including new assets, liabilities, and cash flows. The software also saves disclosure worksheets to history for easy reference.

Roll Forward Reporting: Peruse Lease enables users to generate roll forward worksheets for reporting periods. The vendor claims that this feature offers options for period, quarterly, semi-annual, annual, and multi-year reporting. Users can save roll forward worksheets to history and capture and report changes with critical notes.

Journal Entries: According to the vendor, Peruse Lease simplifies the export of journal entries needed for accounting systems. The software provides a smart export setup designed to meet accounting systems' formatting needs. It offers separate files for new asset journal entries and standard period journal entries.

Percentage Rent Control: Peruse Lease offers a feature-rich percentage rent module, providing extensive setup options for lease-based processing data. The vendor claims that the software loads sales data and creates worksheets, automates email and faxing of worksheets, and manages percent rent accruals.