IND-AS 116 Lease Calculator
Lease accounting under IND-AS 116 is repetitive and error-prone — exactly the kind of thing that should be computed, not typed.
The problem
Lease accounting under IND-AS 116 is mechanical but easy to get wrong: the ROU asset, the liability unwind, the monthly entries. The work rewards precision and punishes fatigue.
What it does
Enter the lease terms — start, end, rent, escalation, incremental borrowing rate — and get back the ROU asset, the full lease-liability schedule, the monthly journal entries, and a clean Excel download.
- Tested against three textbook examples
- Excel output matches the format auditors expect
- Handles escalation clauses and break options
Design choices
Tested against three textbook examples with matching outputs; every liability schedule closes to zero, with interest and principal tying to each payment. The Excel is laid out the way an auditor expects to receive it, not the way a developer finds convenient.
Only someone who has worked an audit knows why that format matters — which is rather the point of building it.
Stack
Built and demonstrated on synthetic data only.