Woodbridge, NJ — August 11, 2020 — Visual Lease, the leader in lease accounting and management software, today announced its newest product release, version 20.3. This release features new lease accounting end balance roll-forward reporting capabilities for better transparency and validation, as well as enhanced functionality to accommodate more complex lease portfolios and accounting scenarios.
With this increased visibility into roll-forward report calculations, Visual Lease users can better understand the changes that impact their business and have greater confidence in their reports and data within their system of record (ERP). When generating ending balance sheet roll-forward reports, Visual Lease’s latest product release allows users to view a summary of all supporting activity within the platform.
“It was important to us that our customers had the tools to verify the details within their roll-forward reports,” said Clark Convery, COO of Visual Lease. “These financials are incredibly important for lease accounting disclosure reports, so we wanted to ensure companies were able to provide sufficient backup and perform a detailed reconciliation within the platform.”
In addition to these new roll-forward reporting capabilities, Visual Lease 20.3 introduces the ability for users to directly import accrued rent receivable values. Further, government and other entities required to comply with GASB 87 can now capture short term lease type calculations within the platform.
To learn more about Visual Lease’s lease accounting capabilities, please visit https://visuallease.com/solutions/
About Visual Lease
Visual Lease provides lease accounting and lease administration software solutions to help companies manage, analyze and report on their leased asset portfolios, including real estate, equipment and more. The company’s SaaS platform combines GAAP, IFRS and GASB-compliant lease accounting controls with sophisticated and flexible lease portfolio administration. Over 700 of the largest publicly traded and privately-owned corporations, retailers, hospitals and institutions around the globe rely on Visual Lease’s cloud-based SaaS platform to meet operational and compliance requirements. For more information, please visit visuallease.com.
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