By: Mark McDonald, President CoStar Real Estate Manager and Visual Lease Six months ago, Visual Lease joined the CoStar Group to bring together two market leaders in lease lifecycle management—and...
Read MoreThe Visual Lease blog
Lease Accounting Software – Why companies are switching solutions The transition to the new lease accounting standards brought leases into focus for the office of finance, often for the first...
Read MoreFrom time to time clients raise the question of the difference between corporate real estate and facilities management. In essence, they’re asking why we have two different professional designations since they both seem to have the same responsibilities. But the two professions have distinct differences and responsibilities. Here we explore these differences and attempt to bring clarity to the issue.
The old lease standard, ASC 840, did not require all kinds of leases to be recorded on the balance sheet, which in turn provided the opportunity for many to use...
Read MoreAccretion is a term often used in various industries, including finance, but it can sometimes be misunderstood or oversimplified. In its simplest form, accretion refers to the process of gradually…
We’re diving into the intricacies of GASB 96, a significant standard that government entities need to adopt, now that following the implementation of GASB 87 has been rolling out for…
When discussing financial statements, most people think about the two most common ones: the Income Statement, also known as Profit and Loss Statement and the Balance Sheet. These two are…
The Federal Accounting and Standards Board (FASB) created the new lease accounting standard (ASC 842), which has raised questions about how balance sheets are affected. We’ve answered your top 10...
Read MoreIn 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…
If you have signed an operating lease for space, built leasehold improvements, and determined that you are legally required to take out the leasehold improvement when the lease expires, then…
