Hundreds of thousands of UK small businesses could be impacted by new lease accounting rules unveiled by the International Accounting Standards Board (IASB) in 2011. Under the new rules all leased equipment, including cars, will need to be added to a companies balance sheets by even the smallest businesses. This will significantly add to the administrative burden, particularly for SME’s.
In response fleet specialist Fleet Evolution are enhancing their customer web tools to allow customers to financially report on all cars they lease from Fleet Evolution. Andrew Leech said ‘Fleet Evolution are dedicated to making our customers lives easier so we’ve already enhanced our market leading tools to make our customers reporting and recording obligations much simpler to meet. Put simply we give them all the information they need in simple formats leaving them free to focus on core business.’
Fleet evolution are a leasing and fleet management company dedicated to exemplary service at a competitive cost. Contact firstname.lastname@example.org for more information.