GASB 87 requires leases that meet the criteria to be accounted for as finance leases, which impacts government entities’ balance sheets and income statements. Visual Lease is the solution you need to achieve and stay compliant with ease.
Your Lease Data, Centralized
Important lease information is too critical to leave scattered throughout different locations and departments within your organization. Streamline your complex lease documentation within our automated, centralized system that makes it easy to locate any lease information you need, when you need it.
Confidently Achieve Compliance
Never worry about having outdated lease details that could negatively impact your reporting. Visual Lease alerts you about changes that could impact your financials, helping you stay compliant and accurate.
Complexity Made Simple
Although your lease portfolio is complex, maintaining your lease portfolio should not be. In just a few clicks, you can easily manage your critical lease information and reports using our system’s intuitive user interface.
Gain Visibility into Leases
Make smarter decisions about your business’ lease portfolio. Our robust and configurable reporting capabilities help you evaluate cost and performance of your leases.
Suggested Reading & Resources
Software Beyond Just Compliance
Achieve GASB 87 compliance and optimize your lease portfolio by utilizing powerful tools and features that are designed to help you more efficiently manage your business.
Robust Reporting Capabilities
Calculate reports associated with GASB 87 instantly. Easily run disclosure reports, journal entry reports, and other ad-hoc reports as needed.
Seamlessly add lease data and financials to your general ledger/ERP systems through one-time or recurring integrations.
Powerful, Automated Calculations
Generate lease accounting calculations with ease, including transitions, new leases (post-transition) and reassessments (modification, impairment, etc.).
Increased Visibility into Changes
It’s inevitable that your lease portfolio will change over time. Visual Lease is equipped to support every change to your leases, including new assets and updates to critical lease information.