TURBO-Lease

TURBO-Lease will quickly streamline the Lessors servicing of an equipment or vehicle lease portfolio. TURBO-Lease is a lessor accounting software application capable of servicing equipment lease and vehicle lease portfolios. The system can handle both consumer leases and commercial leases. For lease accounting, ASC 842 rules are followed for the amortization of unearned income for a capital lease. Rental income and depreciation are reported for an operating lease. TURBO-Lease can calculate payoffs by taking either lease accounting approach. FASB91 is followed for Initial Direct Cost. Residuals are easily reported, adjusted, and can be billed at a time of your choosing. Leases may be renewed or extended. TURBO-Lease Accounting Software is a desktop application that can be installed either as a single user, on a network, or can be hosted on a cloud server. The system is easy to use, yet its power, flexibility, and completeness is surprisingly affordable.