TURBO-Lease

TURBO-Lease is a lessor accounting software application designed to meet the needs of small to medium-sized lessors. According to the vendor, it provides comprehensive accounting functionality for managing equipment lease and vehicle lease portfolios. This solution is utilized by a range of professionals and industries, including equipment leasing companies, vehicle leasing companies, financial institutions, accounting firms, and asset management companies.

Key Features

Lessor Accounting: TURBO-Lease is a lessor accounting software application specifically designed for small to medium-sized lessors. According to the vendor, it provides comprehensive accounting functionality for managing lease portfolios.

Compliance: TURBO-Lease supports ASC 842 accounting standards, enabling lessors to comply with lease accounting regulations. According to the vendor, it helps ensure accurate financial reporting and adherence to industry standards.

Direct Finance Leases: TURBO-Lease supports direct finance leases, allowing lessors to efficiently manage and track finance leases. According to the vendor, it provides tools for calculating interest and principal payments, ensuring accurate financial management.

Sales Type Leases: TURBO-Lease supports sales type leases, empowering lessors to effectively manage and track sales type leases. According to the vendor, it provides tools for calculating and recording sales revenue, streamlining lease management processes.

Operating Leases: TURBO-Lease supports operating leases, enabling lessors to seamlessly manage and track operating leases. According to the vendor, it provides tools for recording lease income and expenses, ensuring accurate financial management.

Simple Interest Loans: TURBO-Lease supports simple interest loans, allowing lessors to service and track simple interest loans efficiently. According to the vendor, it provides tools for calculating and applying interest payments, streamlining loan management processes.

Servicing Options: TURBO-Lease offers various servicing options for lease portfolios, providing flexibility in managing lease accounts. According to the vendor, it allows customization of servicing processes to meet the specific needs of lessors.

Full service online payment portal: TURBO-Lease provides a full-service online payment portal, allowing lessees to conveniently make payments. According to the vendor, it offers automated payment processing and tracking, enhancing the overall leasing experience.

NACHA ACH Processing: TURBO-Lease supports NACHA ACH processing, enabling lessors to initiate direct withdrawals from customers' bank accounts. According to the vendor, this streamlines payment processing and application, improving efficiency and reducing manual effort.

Emailed Billing: TURBO-Lease offers an emailed billing option, allowing lessors to send mass PDF invoices to customers via email. According to the vendor, this efficient method of billing enhances customer communication and simplifies the billing process.