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…
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The Visual Lease blog
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”…
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. However, there is…
Under the FASB ASC 842 standard for lease accounting, organizations face significant changes including both new disclosures and specific requirements for how to report those disclosures. For instance, in the…
Leases are complex documents that can be challenging to interpret. Critically important details are often buried deep within a lease and can be (literally) hard to find. — Multiply that...
Read MoreThe 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...
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Let’s be clear: lease accounting software can’t recommend which decisions you should make. But it can provide the tools to help you test different scenarios without affecting your live data….
When preparing to implement a new lease accounting software, one of the most important parts is importing data from your current leases to ensure compliance with lease accounting standards. Before…
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...
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