In today’s fast-paced business landscape, small and mid-sized businesses (SMBs) face numerous challenges in managing their financial operations efficiently. As a business owner, you may be wondering “Do I need…
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The Visual Lease blog
What is depreciation in accounting? Depreciation allows organizations to allocate the cost of tangible assets over their useful life. This process is critical because it affects financial statements, impacts tax...
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How ASC 842 Treats Different Lease Terms Organizations are increasingly seeking flexible lease options, with short-term leases, leases with a maximum term of 12 months or less, becoming more popular....
Read MoreKey Takeaways What CAM Charges Are: Common Area Maintenance (CAM) charges cover shared property expenses like lobbies, hallways, parking lots, landscaping, and utilities. CAM fees are the actual amounts tenants…
The ASC 842 lease accounting standard represents a significant shift in how organizations report their leases. Before ASC 842, operating leases were not included on the balance sheet, which neglected…
What is prepaid rent? Prepaid rent refers to lease payments made in advance for a future period. It represents a ROU asset on the company's balance sheet, as the prepayment...
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The difference between a lessor and lessee in real estate In any lease agreement, there are two core parties: the lessor and the lessee. The lessor is the party that…
What ASC 842 requires for journal entries Journal entries for ASC 842 lease accounting standards are an essential requirement, but they are really only the starting point for accurate and…
ARLINGTON, Va.–(BUSINESS WIRE)–Visual Lease (“VL”), a CoStar Group (NASDAQ: CSGP) brand and platform for integrated lease management, accounting, reporting and analytics, today announced it has been honored as a 2026…
NEW YORK – Visual Lease (“VL”), a CoStar Group (NASDAQ: CSGP) brand and platform for integrated lease management, accounting, reporting and analytics, today announced it has been named “Overall Analytics Platform of the Year”…
