Currently when the IFRS16 accounting report is ran the opening balance is what the system expects it to have been based on the most current lease data not the actual balance that was closed out in the year end ledger. This means we have to manually adjust the reports which takes significant time and discredits the system during Audit. The report needs to be developed so that the opening balance is as per the actual closing balance for the prior year when the general ledger trial balance was closed.
