ASC 842 Improves Outcomes for Public and Private Companies with Operating Leases
Companies with operating leases might not like having to report their lease liability on the balance sheet to comply with…
Record to Report: Continuous Accounting for Lease Accounting
Finance teams reaching for continuous accounting still have a way to go until closing the books becomes obsolete. But software…
The Fix for Lease Accounting Errors
Lease accounting software can save companies time and money, but one wrong key entry can cost a company plenty. That’s…
Eliminating Double Work for Lease Accounting and Lease Administration
Lease accounting and lease administration teams often end up doing the exact same data-entry tasks, taking hours out of each…
Cutting the time to remeasure lease liabilities and ROU assets
Lease accounting standards ASC 842 and IFRS 16 require lessees to remeasure the lease liability, the ROU asset or both…
Shortening Lease Accounting Reconciliation from Hours to Seconds
Accountants may spend anywhere from several hours to a couple of days each month reconciling their ROU asset and lease…
Lessees Discover Ways to Access Cash Stemming from COVID-19 Hardships
Hardships from COVID-19 offer companies ways to save money and accumulate cash from within their portfolio of leases. But without…
Understanding SOC Reports
Understanding SOC Reports for User Clients An organization that relies on service organizations to provide information technology services needs to…
Accounting for Lease Incentives
What are Lease Incentives? Lease incentives, sometimes called tenant inducements, are enticements lessors provide to encourage lessees to sign a…
FASB Simplifies Accounting For COVID-19 Lease Concessions
Organizations suffering from the fallout of COVID-19 can now account for lease concessions as a variable expense regardless of whether…