About Us
Making IFRS 16 Simple for Everyone
Lease accounting isn’t exactly the most exciting topic in the world. But if you’re a finance professional, accountant, or business owner dealing with leases, getting it right matters a lot. That’s exactly why we built IFRS 16 Calculator to take something complicated and make it genuinely easy to understand and work with.
We’re not a giant corporation with floors of employees. We’re a focused team of finance and technology professionals who got tired of watching businesses struggle with IFRS 16 compliance. We saw accountants spending hours on spreadsheets, making manual errors, and stressing over whether their lease schedules were accurate. We thought there has to be a better way. So we built one.
Why We Started This
When IFRS 16 was introduced, it changed the way leases are reported on financial statements. Suddenly, operating leases that used to stay off the balance sheet had to be recognized as right-of-use assets and lease liabilities. For large companies with dedicated accounting teams, adapting was challenging but manageable. For small and mid-sized businesses, it was overwhelming.
We spoke to dozens of accountants, CFOs, and finance managers during that period. The same frustrations came up again and again confusing standards, expensive software, and a serious lack of tools that were actually built for real people. Most available solutions were either too technical, too costly, or simply not user-friendly.
That conversation became the foundation of ifrs16calculator.online.
What We Do
At ifrs16calculator.online, we provide a free, easy-to-use IFRS 16 lease calculator designed to help individuals and businesses accurately calculate their lease liabilities and right-of-use assets without the headache.
Whether you're dealing with a single office lease or multiple contracts across different locations, our tool walks you through the process step by step. You don't need to be an IFRS expert to use it. You just need your lease details and we handle the heavy lifting.
Our calculator covers:
- Lease liability calculations based on present value of future lease payments
- Right-of-use asset schedules
- Amortization and interest breakdowns
- Support for different lease terms and discount rates
We keep things clean, clear, and accurate, because that's what you deserve when it comes to financial reporting.
Who We're Built For
Our platform is built for a wide
range of users:
Small business owners who wear many hats and don't have a full accounting
department to rely on. You need answers quickly, and you need them to be
correct.
Accountants and auditors who want a reliable second opinion or a faster way to
prepare lease schedules for their clients.
Finance students and educators who are learning IFRS 16 and want a practical tool to see
how the numbers actually work in real-world scenarios.
CFOs and financial controllers at growing companies who need to stay compliant without
investing in expensive enterprise software.
If you work with leases and need to
stay on top of IFRS 16, this platform was made with you in mind.
Our Commitment to You
We believe that financial tools should
be accessible to everyone, not just those who can afford expensive software
subscriptions. That's why our core calculator is completely free to use. No
hidden fees, no confusing pricing tiers, no pressure.
We're also committed to accuracy.
IFRS 16 has specific requirements, and we take those seriously. Our calculator
is regularly reviewed and updated to reflect current standards, so you can
trust that the numbers you're getting are based on the right methodology.
And we're committed to simplicity.
We know your time is valuable. Every design decision we make is focused on
reducing complexity and helping you get to the answer faster.
We're Always Improving
The world of accounting standards
evolves, and so do we. We actively listen to feedback from our users and use it
to improve the platform. If something isn't working the way it should, we want
to know. If there's a feature that would make your work easier, we're all ears.
We're not just building a
calculator, we're building a resource that the accounting and finance community
can genuinely rely on.
Get in Touch
Have a question, suggestion, or just
want to say hello? We'd love to hear from you. Our team is approachable,
responsive, and always happy to help. Reach out through our contact page and
we'll get back to you as soon as possible.
Thank you for visiting
ifrs16calculator.online. We're glad you're here, and we hope we make your lease
accounting a whole lot easier.
