Nextera Accord
A finance platform built for PSAK 116 / IFRS 16 lease accounting, done right.
Nextera Accord is a web application for lease accounting from the lessee side — classifying contracts under the standard, measuring right-of-use assets and lease liabilities, handling remeasurement, generating the journals, and producing the schedules an audit will ask for.
Who this is for
Section titled “Who this is for”- Finance and accounting teams preparing the numbers
- Controllers and the CFO office owning the policy and the close
- External auditors who need to trace a disclosure back to a signed contract
What Nextera Accord covers
Section titled “What Nextera Accord covers”IFRS 16 removed the operating/finance distinction for lessees, which means every lease now produces an asset and a liability that have to be measured, unwound, depreciated and — the part that consumes the whole month — remeasured whenever the contract or the assumptions change.
- The standard, end to end. Recognition, measurement and disclosure applied to every lease, under IFRS 16 or its Indonesian adoption, PSAK 116.
- Classification. Every contract is assessed through a structured questionnaire inside the product — whether it is or contains a lease, whether there are non-lease components, and whether a recognition exemption applies.
- Right-of-use assets. Recognised and depreciated, with the schedule calculated across the lease term.
- Lease liabilities. Measured at present value, with interest unwound across the lease term.
- Remeasurement. Modifications, reassessments and indexation are recorded as separate transactions against a lease that is already active, then recalculated.
- Journals and the ledger. The calculation results become Journal Entries and land in the Ledger, using the account rules you configure yourself.
- Reporting. Movement schedules, expense and payment breakdowns, and portfolio summaries, all produced from the same data as the journals.
If PSAK 116, PSAK 73 and IFRS 16 sound like three different standards, start at Lease accounting concepts — they are not three standards.
The shape of the application
Section titled “The shape of the application”After you sign in you land on Home, and all the navigation lives in the left sidebar.
| Menu | What it holds |
|---|---|
| Lease | The lease contracts being measured. This is the product’s primary record |
| Lease Transactions | Events after commencement — Modification, Termination, Adjustment, Correction, Transfer Asset |
| Batch Transactions | Portfolio-level jobs, including the monthly Monthly Valuation |
| Invoice · Payment | Bills from the Lessor and their settlement |
| Accounting | Journal Entries, Journal Feeds, Ledger |
| Reports | Schedules and breakdowns for the close and for audit |
| System | System Settings for master data, and System Security for Users and Access Rights |
The chain runs one way: a Lease is created and classified, calculated, approved, and then becomes active; changes to it arrive through Lease Transactions; its monthly values are generated by Batch Transactions; billing and settlement run through Invoice and Payment; and everything ends up in Journal Entries, Ledger and Reports.
The detail on each module is in The Nextera Accord module map.
Where it runs
Section titled “Where it runs”Nextera Accord is a hosted web application, normally at accord.nextera.id.
Where to go next
Section titled “Where to go next”- Lease accounting concepts (PSAK 116 / IFRS 16) — what counts as a lease, how the liability and the right-of-use asset are measured, when the discount rate is revised, what you have to disclose, and where each of those concepts lives inside the product. The densest page in this section.
- Preparing for your first close in Nextera Accord — the policy decisions, master data and people to line up first, then a step-by-step walkthrough of creating your first lease.
- The Nextera Accord module map — what each module is for, and how the chain runs from contract to ledger.