Share this
Lease Accounting with Blackline Reconciliation Technology
by David Gibson on September 9, 2021
Thanks to technology, big strides have been made in the accounting industry to transition from a reactive method to more proactive approach. The evolution of “continuous accounting” has played a major role in managing and avoiding risk, utilizing technology and processes to quickly catch and correct errors and therefore minimize the overall impact of those errors. Breakthroughs in lease accounting software and reconciliation technology can be instrumental tools to implement continuous accounting.
Account reconciliations are great opportunity to increase accuracy and reduce lease accounting errors. The accurate reconciling of accounts is the first place to start reducing the risk of accounting errors. While traditionally viewed as one of many labor-intensive tasks at month-end, improving the account reconciliation process can have a positive impact on the accuracy of reporting and the morale of the Accounting department.
Reconciliation does not have to be an arduous task. Technology is available to modernize monthly reconciliation, close operations and automate period-end processes. Great reconciliation technology also provides fraud detection and balance sheet integrity.
CoStar partners with Blackline for to provide an industry-leading reconciliation technology solution which fully integrates Blackline’s reconciliation functionality with CoStar’s lease accounting software. This integration allows users to reduce errors, speed up work processes and improve the overall health of your business.
The balance sheet is an important representation of your business. The financial news is full of financial restatements, accounting fraud scandals and SEC fines and penalties. While some errors are unavoidable, it’s in every business’ best interest to mitigate risk by increasing accuracy. CoStar software includes automated and scheduled alerts that help Accounting departments stay proactive. By leveraging CoStar and Blackline technology for a complete lease accounting, lease management and lease administration software solution integrated with Blackline reconciliation technology, users can employ the continuous accounting concept to reduce risk, minimize errors and increase accuracy.
Share this
- ASC 842 (81)
- Lease Accounting Software (74)
- Accounting Teams (39)
- Lease Administration Software (25)
- Retail Tenants (15)
- Commercial Real Estate (12)
- Lease Management (11)
- Market Data and Analytics (7)
- Real Estate Teams (7)
- ESG (5)
- Success Stories (5)
- News and Media Coverage (4)
- Transaction Management Software (2)
- Customer Success (1)
- Office Tenants (1)
- November 2024 (2)
- October 2024 (4)
- September 2024 (2)
- August 2024 (5)
- July 2024 (3)
- June 2024 (3)
- May 2024 (4)
- April 2024 (1)
- February 2024 (1)
- December 2023 (4)
- November 2023 (6)
- October 2023 (4)
- September 2023 (2)
- August 2023 (2)
- July 2023 (3)
- May 2023 (2)
- March 2023 (1)
- February 2023 (3)
- January 2023 (1)
- December 2022 (3)
- November 2022 (4)
- October 2022 (4)
- September 2022 (1)
- August 2022 (4)
- June 2022 (1)
- May 2022 (4)
- April 2022 (8)
- March 2022 (3)
- February 2022 (1)
- January 2022 (2)
- November 2021 (2)
- October 2021 (2)
- September 2021 (3)
- August 2021 (15)
- July 2021 (3)
- June 2021 (1)
- May 2021 (1)
- April 2021 (3)
- March 2021 (1)
- January 2021 (1)
- December 2020 (3)
- November 2020 (1)
- October 2020 (2)
- September 2020 (2)
- August 2020 (3)
- July 2020 (2)
- June 2020 (3)
- May 2020 (1)
- April 2020 (1)
- March 2020 (1)
- February 2020 (1)
- December 2019 (1)
- October 2019 (1)
- September 2019 (2)
- August 2019 (3)
- July 2019 (2)
- April 2019 (69)
- October 2018 (1)
- August 2018 (1)
- July 2018 (1)
- June 2018 (1)
- May 2018 (1)
- April 2018 (2)
- March 2018 (3)
- February 2018 (2)
- December 2017 (1)
- August 2017 (3)
- June 2017 (2)
- May 2017 (2)
- April 2017 (1)
- March 2017 (2)
- January 2017 (2)
- November 2016 (2)
- July 2016 (1)
- June 2016 (1)
- July 2015 (1)
- March 2015 (1)
- June 2014 (1)
- April 2014 (11)
- October 2011 (1)
You May Also Like
These Related Stories