Domestic ERP 'Plaza-i' Launches Support for New Lease Accounting Standards
Business Associates, developer of the SME-focused ERP 'Plaza-i', has added features to comply with the new lease accounting standards (effective April 2027) to its Fixed Asset Management system, starting May 22, 2026.
📋 Article Processing Timeline
- 📰 Published: May 25, 2026 at 20:20
- 🔍 Collected: May 25, 2026 at 12:01
- 🤖 AI Analyzed: May 25, 2026 at 12:15 (13 min after Collected)
Business Associates Co., Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director: Taishi Sugimoto), developer and provider of ERP packages for small and medium-sized enterprises, announced the launch of support for the new lease accounting standards in its 'Plaza-i' Fixed Asset Management system (FAS).
This feature supports the new lease accounting standards, which will be fully applied from the fiscal year starting on or after April 1, 2027, and has been provided since May 22, 2026, to prepare for the new criteria.
■ Background
The new lease accounting standards have redefined 'lease' contracts. Previously, contracts were distinguished as finance leases (on-balance sheet) or operating leases (rent/lease treatment). The new standard requires essentially all lease contracts to be recorded on the balance sheet. Plaza-i, which already implements optional features for IFRS 16 (Leases), has developed these new functions based on its accumulated knowledge. Current users of the existing lease option will not incur additional fees for this update.
■ Overview of Features
- System: Plaza-i Fixed Asset Management System (FAS)
- Main Features:
1) Automatic calculation of right-of-use assets and lease liabilities.
2) Flexible condition settings for various transaction forms and contract terms (e.g., payment frequency, interest calculation methods, short-term/small-amount leases, lease components vs. non-lease components, lessor leases, and free rent periods).
3) Support for lease contract revisions (recalculation of assets/liabilities upon term or condition changes).
4) Generation of journal entry data for integration with other accounting systems.
5) Support for creating note disclosures for financial statements.
Future updates planned within the year include auxiliary reports for tax compliance adjustments where tax accounting differs from financial accounting.
■ About 'Plaza-i Fixed Assets'
Plaza-i's Fixed Asset Management system covers construction-in-progress, impairment, lease accounting, asset retirement obligations, and IFRS. It can be used as a standalone system or as part of the broader ERP package. It was ranked first in the Fixed Asset Management category in the 'IT Trend Annual Ranking 2025' based on user inquiries.
This feature supports the new lease accounting standards, which will be fully applied from the fiscal year starting on or after April 1, 2027, and has been provided since May 22, 2026, to prepare for the new criteria.
■ Background
The new lease accounting standards have redefined 'lease' contracts. Previously, contracts were distinguished as finance leases (on-balance sheet) or operating leases (rent/lease treatment). The new standard requires essentially all lease contracts to be recorded on the balance sheet. Plaza-i, which already implements optional features for IFRS 16 (Leases), has developed these new functions based on its accumulated knowledge. Current users of the existing lease option will not incur additional fees for this update.
■ Overview of Features
- System: Plaza-i Fixed Asset Management System (FAS)
- Main Features:
1) Automatic calculation of right-of-use assets and lease liabilities.
2) Flexible condition settings for various transaction forms and contract terms (e.g., payment frequency, interest calculation methods, short-term/small-amount leases, lease components vs. non-lease components, lessor leases, and free rent periods).
3) Support for lease contract revisions (recalculation of assets/liabilities upon term or condition changes).
4) Generation of journal entry data for integration with other accounting systems.
5) Support for creating note disclosures for financial statements.
Future updates planned within the year include auxiliary reports for tax compliance adjustments where tax accounting differs from financial accounting.
■ About 'Plaza-i Fixed Assets'
Plaza-i's Fixed Asset Management system covers construction-in-progress, impairment, lease accounting, asset retirement obligations, and IFRS. It can be used as a standalone system or as part of the broader ERP package. It was ranked first in the Fixed Asset Management category in the 'IT Trend Annual Ranking 2025' based on user inquiries.
FAQ
When will the new lease accounting standards for Plaza-i become effective?
The new lease accounting standards for Plaza-i will become effective on April 2027.
What is the name of the ERP system developed by Business Associates?
The ERP system developed by Business Associates is called Plaza-i.
On which date did Plaza-i add support for the new lease accounting standards?
Plaza-i added support for the new lease accounting standards starting May 22, 2026.
Which system within Plaza-i was updated to comply with the new lease standards?
The Fixed Asset Management system within Plaza-i was updated to comply with the new lease standards.
Who is the developer of the Plaza-i ERP system for SMEs?
Business Associates is the developer of the Plaza-i ERP system for SMEs.