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
Table of Contents What is a lessee? What is a lessor? Who is the lessor and who is the lessee in a lease agreement? Benefits for a lessor vs lessee...
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Table of Contents What is GASB 96? Recent GASB 96 Updates Who does GASB 96 apply to? What is a Subscription-Based Information Technology Arrangement (SBITA) under GASB 96? What is...
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GASB 87 Summary Issued by the Governmental Accounting Standard’s Board in June of 2017, GASB 87 is the new lease accounting standard for US government entities. All entities that prepare financial...
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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...
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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.
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…
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…
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…
