CURO Group Holdings Corp. (NYSE: CURO), is the market leading provider of short-term credit solutions for consumers operating in the U.S. and Canada. See how they use Visual Lease to manage…
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Today, nearly all private companies (98%) have started the transition to ASC 842. As you prepare for your year-end audit, you may find yourself struggling to maintain accuracy within your…
Many businesses today are overlooking a critical line-item expense: leased assets (commercial real estate, equipment, fleet, land and more). While leases should be part of routine financial management, a report…
To prepare for the new lease accounting standards, manufacturing businesses have had to take a closer look at their leases. Because of the high volume of equipment leases in the…
To prepare for the new lease accounting standards, manufacturing businesses have had to take a closer look at their leases. Because of the high volume of equipment leases in the…
Penn State Health is a multi-hospital health system serving patients and communities across central Pennsylvania. See how they use Visual Lease to manage their lease portfolio here.”>
Lease inventories, hiring more staff and renegotiating lease terms are some of the moves private companies can take to make compliance easier.
How serious are the implications of misrepresented leases? And how do you avoid putting your business at risk of a failed audit? In this whitepaper, we dive into what contributes…
In this webinar, lease accounting implementation and adoption experts will share proven processes and tools to accelerate progress, how to get started now and reduce the risk of error, and…
The FASB on Sept. 21, 2022, voted by 4 to 3 to issue a proposal that would change the accounting rules for leasehold improvements in inter-company leases done by both…
Is your organization debating whether to utilize an Excel spreadsheet or dedicated lease accounting software to comply with lease accounting requirements? While there are multiple reasons to consider using a…
FinLedger spoke with Joe Fitzgerald, senior vice president of lease market strategy at Visual Lease to discuss the report and understand the implications of the new lease accounting standards.
In this webinar, Visual Lease Founder and Executive Chairman Marc Betesh and Visual Lease SVP of Lease Market Strategy Joe Fitzgerald share all the findings from the latest Visual Lease…
Adoption of ASC 842 takes a lot of effort, time and resources. We want to make sure you’re ready. In this webinar, lease accounting experts from Grant Thornton and Visual…
PropTech Breakthrough, an independent market intelligence organization focused on real estate and property technology companies, yesterday announced its second annual PropTech Breakthrough Awards, highlighting some of the most influential and innovative…
Prior to the new lease accounting requirements, many companies did not have a clear view into their lease obligations and options. But now that businesses are required to keep track…
The Financial Technology Report is pleased to announce The Top 25 Financial Technology Leaders of New Jersey for 2022. While New Jersey may be considered part of the New York…
Real estate is one of the largest operating expenses for retailers worldwide. Second only to labor costs, rent can account for more than 30 percent of expenses and, according to research from…
Even though leases typically comprise a major piece of a business’ budget, most companies don’t know how much their leases cost and many are unsure about how to account for…
The new lease accounting standards under ASC 842 are sticky, demanding, and—after multiple delays—most definitely here for all companies, whether public or private when the Financial Accounting Standards Board finally…
The new lease accounting standards under ASC 842 are sticky, demanding, and—after multiple delays—most definitely here for all companies, whether public or private when the Financial Accounting Standards Board finally…
Gathering and organizing your leases to prepare for lease accounting compliance is a common challenge for many businesses. If done incorrectly, you could be at risk of having inaccurate lease…
In this webinar, lease accounting experts from Visual Lease and Grant Thornton will provide useful tips and insights to help you successfully accomplish each step to prepare for the transition…
To achieve and maintain compliance with GASB 87, your organization needs to have a reliable process to track lease data and run required reports and calculations. What’s the best way…
The impact of your lease portfolio goes beyond just lease accounting. Having access to lease data can help you reduce the risk of overpayments and influence business decisions for more…
Lease accounting is complex and challenging for any organization. But with the right preparation, guidance, and tools, your organization will become confident in its compliance efforts. Join Joseph Fitzgerald, SVP…
Are you overpaying for your business’ leases? Manufacturing businesses often have hundreds – or thousands – of leases, including forklifts, machinery and real estate. Each lease contains complex terms that…
If you aren’t prepared for ASC 842 compliance, your business is at risk of failing an audit. Leases are incredibly complex and dynamic – and ASC 842 is not a…
While some tech vendors disappear on their customers once a contract is signed, the Visual Lease team is committed to supporting you through every step of your lease accounting journey….
Don’t wait until it’s too late to get ahead of your lease accounting. Being well-prepared and equipped to handle lease accounting can save your company from common risks associated with…
For private companies and private not-for-profits, a new lease accounting standard is looming. The Financial Accounting Standards Board’s ASC 842 means a new way to recognize assets and liabilities arising…
When FASB and IASB first announced the lease accounting standards ASC 842 and IFRS 16, respectively, companies scrambled to pull together their lease data and implement procedures and tools to…
The new lease accounting standards will require bringing operating leases onto the balance sheet in the form of right-of-use (ROU) assets and corresponding lease liabilities. This isn’t just a one-and-done…
The new lease accounting standards under US-GAAP require organizations to account for leases as right-of-use assets and liabilities on the balance sheet. This is a massive administrative lift for most…
Whether approaching lease accounting standards for the first time, or working to maintain compliance, it’s critical that you get the data collection and analysis portion of the process right.
In this webinar, we will guide you through each step – and share a timeline to set up your organization for success.
Don’t miss your chance to hear directly from major healthcare organizations, Penn State Health and Montefiore Medical Center, about how they successfully adopted the new lease accounting standards (e.g., ASC…
The workplace has forever changed. Regardless of size or industry, many organizations are considering flexible work arrangements and creative co-working spaces as permanent fixtures of their business. Now is the…
Government entities and public sector organizations often struggle to comprehend the complex requirements of GASB 87. Let us break it down for you – and help you be better prepared….
Preparing for ASC 842 compliance is incredibly demanding. One of the most difficult parts is knowing what needs to be done – and when. Don’t fall behind on the important…
As we enter 2021, organizations are working to create long-term strategies to meet their evolving needs impacted by the ongoing pandemic. In this webinar, we take a closer look at…
Preparing for ASC 842 lease accounting compliance requires a lot of dedicated time, planning and resources. The longer you wait, the more likely you are to run into issues that…
Different lease contracts are managed in different ways – and can be more complex than you think. What happens if a short-term lease becomes a long-term lease? Or if a…
Leases are dynamic, evolving documents. Lease changes – and remeasurements – are common, but how to handle them under ASC 842 is not always straightforward. As unexpected circumstances like COVID-19…
Compliance requirements don’t have to be a burden. Nobody knows this better than our panelists, each of whom faced different challenges – themselves or through their clients – as they…
Leases are dynamic documents. And, now that they’re reported on the balance sheet, roll forward reporting is more important than ever. It’s a report often overlooked, as the ASC 842…
The simplest way to control high or rising lease costs is by tracking key lease information with robust lease administration software. Bill Harter and April Miller, of Visual Lease, take…
Now more than ever, having a reliable way to track equipment, lease clauses, people and workplace FF&E is incredibly important. Technology that tracks and automates this key business information is…
Has it really been almost 2 years since all Public companies were required to comply with lease accounting guidelines: ASC 842 and IFRS 16? During the 2018 rush to comply,…
In the recent months’ stay-at-home orders, companies have shifted to embrace remote work environments for an extended period. There are many questions surrounding the requirements and logistics that companies were…
The simplest way to control high or rising lease costs is by tracking key lease information with robust lease administration software. In this webinar, we will take a close look…
The impact of COVID-19 has caused companies to immediately pay closer attention to their leased assets. If you’re a tenant, you may be wondering what you should be looking out…
Leases are one of the largest overhead costs for many companies and require immediate attention during this critical time. Businesses all over the world rushed to examine their lease obligations…
This webinar answers the top 10 questions we receive about the new lease accounting standards. We share insight and knowledge about what you can do to be better prepared during…
Real estate leases, one of the largest overhead costs for many companies, require immediate attention during this critical time. The sweeping impact of COVID-19 has caused businesses all over the…
The substantial impact of GASB 87 has left many government entities and public sector organizations struggling to meet the new requirements of the standard. How can you be better prepared…
In this webinar, we will take a look at lease accounting’s requirements, and compare how it can be done using lease accounting technology vs. manually. We will also take a…
This is not our normal weekly show, this a 72 minute special edition podcast on lease occupancy and CAM costs. This was taped on stage at the Cobb Galleria in…
As part of my series about the “5 Things You Need To Know To Create a Successful App or SaaS”, I had the pleasure of interviewing Marc Betesh. Marc Betesh…
Professionals on the Move is a round-up of recent staffing announcements and promotions in and around the tax and accounting space. Carrie Summerlin Named FICPA’s New Chief Growth & Innovation…
The introduction of lease accounting standards has forever altered how public, private and government entities manage, track and report on their leases. To understand more about the leasing sector and…
In response to the ongoing impact of the global pandemic on revenues and business operations, companies are evolving how they prioritize and manage their commercial real estate leases. Many organizations…
We’re back in 2022 with a Season 2 bonus episode! After a bunch of attempts to connect at the end of 2021, Marc and Chase finally got together to discuss…
The standard in some ways parallels the ASC 842 leases standard for public and private companies and nonprofits from the Financial Accounting Standards Board and the IFRS 16 leases standard…
The introduction of new lease accounting standards (ASC 842, IFRS 16 and GASB 87) has had a significant impact upon accounting and reporting for U.S. publicly traded and private companies,…
The past two years have shuffled business priorities and workflows, which has left many companies catching up on their transition to the new lease accounting standards (ASC 842, GASB 87,…
In early 2020, the COVID-19 pandemic redefined how businesses operate. Today, they continue to grapple with the ongoing effects of shutdowns, rent crises, supply chain issues and inflation. Many have…
As lease terms shorten, the value of properties becomes more uncertain. If the pandemic has infused business with any one idea, it’s flexibility. Companies need to be flexible to get…
Lease accounting can easily become an administrative and logistical nightmare for many. Companies tend to underestimate the work involved in preparing documents that comply with FASB and other standards. Proper…
Chances are you’ve already tangled with the ASC 842/IFRS 16 changes in standards determining how organizations should be accounting for leases on the balance sheet. The effective date for implementing…
Private companies, the largest business demographic in the U.S., have to adopt the FASB’s new lease accounting standard starting this month, but many are still lagging in those efforts.
The ongoing impacts of Covid-19 are greatly changing leasing life cycles and accounting workflows. This pressure, coupled with the new lease accounting standards and looming compliance deadlines, is pushing financial…
Adopting new technology has become the reality of every business, especially in the modern remote work era. Companies that shifted to a work-from-home environment during the pandemic had to train…
New lease accounting standards coupled with the many pressures brought on by the pandemic have changed how organizations prioritize their leases. Companies are currently reevaluating their lease portfolios to ensure…
You’d be forgiven for gaining a case of whiplash moving from 2020 to 2021. Disaster—a seemingly closed economy, crashed supply chains, tight labor availability, and many millions out of work—turned…
The verdict is in: the Financial Accounting Standards Board (FASB) will not issue a third delay to the ASC 842 effective date for private companies, which will take effect Dec. 15, 2021….
In a piece of good news for Manhattan’s battered office market, over 3M SF of office space was leased in November — the first time since before the coronavirus pandemic…
How a public company manages hundreds of real estate leases and solves for ASC 842 using best-in-class lease accounting and administration software.
The FASB on November 11, 2021, published a narrow amendment to ease lease accounting rules for private companies and nonprofits, enabling lessees to have a moreflexible way to elect a…
Culture is more than a business buzzword. Discover how you can improve the personality of the company in this interview. Today’s guest is Marc Betesh, CEO and Founder at Visual…
The Financial Accounting Standards Board issued an accounting standards update Thursday in an effort to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee…
The Financial Accounting Standards Board issued an accounting standards update Thursday in an effort to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee…
Green shoots are beginning to emerge for the office market, with many tenants starting to consider long-term leases — though most firms plan to revise workplace arrangements when the pandemic…
More than double the share of commercial real estate tenants are planning to increase rather than decrease their space next year, according to a survey by the Visual Lease Data…
With the lease accounting standard set to take effect for private companies in mid-December, the Financial Accounting Standards Board will be considering a proposal at a meeting Wednesday to postpone…
Since the onset of the Covid-19 pandemic, businesses have evolved their real estate strategies to comply with the many changes that the pandemic forced upon them. To maintain lease accounting…
The financial world has a never-ending list of new standards and practices to adhere to, many of which intersect with the world of corporate real estate.
Apex Tool Group (ATG) is one of the largest manufacturers of professional hand and power tools in the world, serving the industrial, vehicle service and assembly, aerospace, electronics, construction and serious…
Waste Connections is the premier provider of solid waste collection, transfer, recycling and disposal services, along with recycling and resource recovery, across the US and Canada. See how they use…
This whitepaper shares the importance of centralized lease information within one software solution.
In this whitepaper, we share lease accounting insights from two healthcare organizations.
In this guide, you’ll learn what qualifies as a lease under GASB 87, lease terms you need to capture for reports, and more.
In this guide, we break down the complex FAQs, so you can better understand how it impacts your organization, what to do before the effective date and more.
This guide shares what you need to know to understand different components of a lease, and how to be better informed to negotiate ideal lease terms to create additional financial…
This eBook uncovers common lease trends in the market, showcasing how COVID-19 affected landlords and tenants now and into 2021.
This white paper, which is co-sponsored with CFO.com, provides you with tips for gathering data and preparing to complete a successful lease accounting audit.
This eBook provides information and resources that help businesses prepare for the impact of changing leases on accounting calculations, understand the importance of technology, and make cost-saving business and financial…
This guide was created to help accounting professionals build a working knowledge of leases as they relate to lease accounting practices.
This whitepaper identifies GASB 87 basics along with key steps to help you prepare for compliance.
