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...
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From 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.
Accretion 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…
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 MoreIf 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…
When it comes to managing leases and financial obligations, understanding how to calculate a lease amortization schedule is crucial. This schedule not only helps you keep track of payment timing…
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…
We are pleased to announce that Kathryn Eskandarian, Visual Lease’s Chief Financial Officer, has been named the winner of a Silver Stevie® Award in the Female Executive of the Year…
How often do you have this experience when evaluating enterprise software? The vendor gives a demonstration of an amazing solution, walking you through complex tools that do exactly what you…
