#Japan #Tokyo #Lease Accounting #Bell System 24 #TransAcc

Comprehensive Support for New Lease Accounting Standards

Introduction

In a significant move toward addressing upcoming lease accounting changes, Bell System 24 and TransAcc have initiated a specialized support service designed to help companies transition smoothly to the new standards. With the application of advanced artificial intelligence technologies and expert guidance, this initiative aims to alleviate the burdens companies face as they gear up for these complexities in financial reporting.

Why This Service is Needed

The new lease accounting standards, set to be fully applicable by April 2027, require companies to align their practices with international accounting norms and improve financial transparency. The 2026 fiscal year marks a critical period as many businesses not only prepare for early adoption but also begin the necessary transition work which can be labor-intensive and requires specialized knowledge. A common challenge many companies face is the lack of human resources in their accounting and finance departments, compounded by a reliance on manual processes that complicate operations.

Recognizing this reality, Bell System 24, with its comprehensive outsourcing capabilities and digital transformation expertise, partnered with TransAcc, which excels in modern accounting services, to deliver a holistic solution for enterprises.

What the Service Offers

1. Automated Processes Enhanced by AI
At the core of this new service is the AI-driven automated bookkeeping and note preparation tool, "Trans Lease Accounting," supervised by certified public accountants (CPAs). This advanced system utilizes AI-OCR technology for efficient contract reading and input, significantly reducing the workload associated with bookkeeping to as little as 18% of traditional methods. Additional features include an AI chat feature for basic inquiries and the capability to accommodate changes in contract terms post-transition.

2. Comprehensive Management of Transition Tasks
Bell System 24 leverages its accounting BPO expertise to streamline operations tailored to the new standards. This includes the revamping of business processes, integration support for the "Trans Lease Accounting" tool, and the management of existing lease contracts—ensuring that all necessary contract information is organized and compliant with the new rules. With pricing tailored to the scope of work required and the number of lease contracts involved, businesses of all sizes can find a suitable package.

3. Expert Consulting and Ongoing Support
For more intricate situations that necessitate professional judgment—like lease term assessments and accounting policy development—TransAcc provides access to experienced CPAs for specialized consulting services. Furthermore, ongoing operational support beyond the transition period is also available, ensuring continuous assistance after the initial implementation.

Online Seminar Launch

In conjunction with the launch of this comprehensive service, an online seminar titled "A Thorough Explanation by CPAs! From Contract Inventory to Journal Entries, Starting Now with Optimal Solutions for New Lease Accounting" is set for February 19. This session will cover the significant changes in the lease accounting standards and the essential preparations and challenges companies must address, all while detailing the functionalities of this new service.

About the Companies

Bell System 24 (Company URL: www.bell24.co.jp)
Founded in 1982, Bell System 24 pioneered call center services in Japan and continues to evolve as a comprehensive BPO partner, integrating technology and expert personnel to drive clients’ business transformations and optimize operational processes. Their commitment to innovation focuses on enhancing customer experiences through new solutions that contribute to a sustainable society.

TransAcc (Company URL: www.transacc.jp)
TransAcc consists of a team of accountants and IT engineers redefining accounting practice through modern technology such as AI. They automate standard tasks while leveraging professional expertise for high-level decision-making, thus enhancing accounting productivity and quality for businesses.

Conclusion

Through the targeted services of Bell System 24 and TransAcc, businesses can confidently navigate the complexities of the new lease accounting standards, ensuring compliance and operational efficiency without overwhelming their existing resources. Together, both companies aim to onboard approximately 50 businesses to this service by 2027, underscoring their commitment to support industry-wide transformation.