For every organization that’s purchasing lease accounting tools, there are many things to consider; and data security is a major concern. We’re talking about your company’s financial records, so rock-solid…
Managing lease escalation costs is one of the most complex and important responsibilities for corporate real estate executives. These costs, which often represent expense pass-throughs from the landlord to the…
Combining a lease audit service with a lease management system, such as Visual Lease, offers compelling benefits for organizations managing commercial leases. Commercial leases are complex legal documents, each with…
In attempt to become compliant with lease accounting standards, particularly ASC 842 and IFRS 16, there are many intricate details that accountants often have questions about. Today we’ll address accounting…
There’s always a dispute within the organization aboutthe issue of chargebacks, particularly facility occupancy costs. Department heads typically question the need for charging back occupancy costs, since they don ‘t feel they have any direct control over these overhead costs. But occupancy costs are directly linked to staffing, so it’s logical to burden a department with its share of occupancy costs relative to staffing levels. The argument for chargebacks centers on the need for reinforcing cost containment, as well as maintaining a level of fairness in the organization.
Effectively managing accounts payable is crucial for maintaining healthy cash flow. Proper management not only reduces errors and late fees but also contributes to overall business success. Let’s delve into…
In the ever-evolving landscape of Environmental, Social, and Governance (ESG) reporting within real estate management, there has been a pivotal theme: the essential collaboration between real estate owners and occupiers,…
In the rapidly evolving landscape of real estate and lease management, the convergence of data standards and environmental, social, and governance (ESG) considerations marks a pivotal era of transformation. We…
Managing a complex lease portfolio across real estate and equipment in global business operations presents significant challenges. Today, we dive into an insightful transformation journey spearheaded by the Director of…
In the ever-changing world of lease accounting, staying informed and compliant with the latest standards and regulations is crucial for all organizations. Zena Thomas, a distinguished Product Owner at Visual…
