Rollforward Schedule
Related terms
Category
Financial Reporting
A rollforward schedule is a reconciliation that shows how a balance sheet account changed during a reporting period. starting with the opening balance, adding increases (new leases, remeasurements), subtracting decreases (payments, terminations, amortization), and arriving at the closing balance. Lease liability and ROU asset rollforwards are key audit deliverables.
Why it matters
Rollforward schedules are the primary tool auditors use to verify lease balance sheet movements. They answer the question: "Why did the lease liability change from $50M to $47M this quarter?" Every dollar of change must be explained by a specific transaction. new leases, payments, interest accretion, modifications, terminations, or foreign currency adjustments. Unexplained variances are audit findings.
Lease accounting platforms generate rollforward schedules automatically, ensuring that every component of the balance movement is traceable to its source transaction.
How Arvexi handles this
Arvexi generates automated rollforward schedules for both ROU assets and lease liabilities at the portfolio and individual lease level. Each movement is categorized by type (additions, modifications, terminations, payments, accretion, amortization, FX) and traceable to the underlying lease transaction. The rollforward updates automatically as transactions are processed.
Rollforward data also integrates with Arvexi's Financial Close workflow and Account Reconciliation to verify that balance sheet movements are fully explained before the period is closed.
Explore how Arvexi automates this: Lease Accounting · Lease Review · Financial Close · Account Reconciliation