TURBO-Lease
What is TURBO-Lease?
TURBO-Lease™ is a lease accounting software application capable of servicing equipment lease and vehicle lease portfolios. Our Channel provides how-to videos to assist you with using the features available within our software. TURBO-Lease™ will quickly streamline the Lessors servicing of an equipment or vehicle lease portfolio. The system can handle both consumer leases and commercial leases. For lease accounting, FASB13 / ASC 840 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 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.
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