Adapt Highlight Lease For Free
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Carolien Gilbert
2019-01-28
Consultant in Construction
2019-05-21
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PDF filler is very user-friendly. My favorite features are that it saves your docs. This makes it easy to keep editing docs that you use over and over. Also, when you use the erase feature, it keeps the eraser on the same line, which I could never do on my own! At the end, you can download the whole doc, or individual pages, this feature really helps and saves time on splitting the document with other programs.
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Have an option to merge docs, make speeds quicker.
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When I get contracts, most of the time they are not complete to be approved. This allows me to add extra details and even sign the docs. I like the stamp it adds to show when the signature was made.
PDF filler is very user-friendly. My favorite features are that it saves your docs. This makes it easy to keep editing docs that you use over and over. Also, when you use the erase feature, it keeps the eraser on the same line, which I could never do on my own! At the end, you can download the whole doc, or individual pages, this feature really helps and saves time on splitting the document with other programs.
What do you dislike?
Once docs are ready, the loading time to save can sometimes feel slow. Also, uploading the docs can sometimes feel slow. This is not a deal breaker, but perhaps something that can be worked on. I think there should also be a feature where you can upload docs one after the other for the same session, and it will merge the docs (or ask if you want to) and edit them together. It seems right now we have to edit each separate if they are not already joined, save them, and then go to another program to merge.
Recommendations to others considering the product:
Have an option to merge docs, make speeds quicker.
What problems are you solving with the product? What benefits have you realized?
When I get contracts, most of the time they are not complete to be approved. This allows me to add extra details and even sign the docs. I like the stamp it adds to show when the signature was made.
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How do you account for lease under IFRS 16?
Overview. IFRS 16 specifies how an IFRS reporter will recognize, measure, present and disclose leases. The standard provides a single lessee accounting model, requiring lessees to recognize assets and liabilities for all leases unless the lease term is 12 months or less or the underlying asset has a low value.
Does IFRS 16 apply to property leases?
IFRS 16 significantly changes the accounting for lessees that are real estate tenants, requiring them to recognize most leases (i.e., rental contracts) on their balance sheets as lease liabilities with corresponding right-of-use-assets. ... Tenants apply a single model for most leases.
What is a lease under IFRS 16?
IFRS 16 represents the first major overhaul of lease accounting in over 30 years. ... Under IFRS 16 a lease is defined as 'a contract, or part of a contract, that conveys the right to use an asset (the underlying asset) for a period of time in exchange for consideration'.
Does IFRS allow operating leases?
A lessor only has two categories to classify a lease under IFRS: an operating or a finance lease. ... IFRS 16 further notes that a lessee may, but is not required to, apply the leasing guidance to leases of intangible assets other than those under licensing arrangements. This is not permitted under ASU No. 2016-02.
What is the point of IFRS 16?
The objective of IFRS 16 is to report information that (a) faithfully represents lease transactions and (b) provides a basis for users of financial statements to assess the amount, timing and uncertainty of cash flows arising from leases.
How do you record a lease in accounting?
To record the effective purchase of an asset using a loan.
To record the periodic depreciation charge.
To record the periodic rental payments to clear the principal and to charge the profit and loss account with the interest.
How do you record leases in accounting?
To record the effective purchase of an asset using a loan.
To record the periodic depreciation charge.
To record the periodic rental payments to clear the principal and to charge the profit and loss account with the interest.
What is accounting for leases?
Accounting for Leases. A lease is an arrangement in which one party, called the lessor, provides an asset for use of the other party, called the lessee, against periodic payments for a specified time period.
How is a capital lease recorded on the balance sheet?
The liability component is reported in the liabilities section of the balance sheet as a “capital lease” line item. The amount is equal to the discounted present value of the lease payments over the lease term plus any interest accrued between the previous lease payment and the balance sheet date.
What qualifies as a capital lease?
A capital lease is a lease in which the lessor only finances the leased asset, and all other rights of ownership transfer to the lessee. This results in the decoration of the asset as the lessee's property in its general ledger, as a fixed asset.
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