In-house team regularly shares valuable insights to help companies gain confidence with their compliance to ASC 842 and GASB 87
Woodbridge, NJ – May 10, 2021 —Visual Lease, the #1 lease optimization software, now offers complimentary workshops to help organizations achieve and maintain compliance with the new lease accounting standards, ASC 842 and GASB 87. These virtual educational sessions take place monthly and explain the best ways to handle a lease accounting compliance project, including how to manage the applicable milestones and critical dates. The organization offers separate sessions for US GAAP (ASC 842) and GASB 87, as the timing and requirements are somewhat different.
These workshops are led by Joe Fitzgerald CPA, SVP of Lease Market Strategy, and Alexandra Betesh, VP of Client Services at Visual Lease. Collectively, both experts have decades of experience helping companies manage their leases and achieve and maintain lease accounting compliance.
Attendees will learn:
- The ideal period to begin each phase of lease accounting preparation and how much time to allocate to each step
- How to incorporate lease management best practices into a lease accounting project to reduce the ongoing work needed to maintain compliance with ASC 842 and GASB 87
- How to effectively use Visual Lease’s exclusive Lease Accounting Milestone Planner (LAMP)™ to manage deadlines and access resources to support their project planning
“Through our community of more than 700 customers, we’ve seen firsthand how important preparation is when it comes to lease accounting compliance,” said Joe Fitzgerald, SVP of Lease Market Strategy at Visual Lease. “Having a clear understanding of the applicable standards’ requirements directly impacts an organization’s ability to achieve and maintain compliance – and, this knowledge can also empower them to unlock value across their portfolio. With these planning sessions, we’re helping companies set themselves up for both initial and long-term compliance, and better leverage their leases as strategic assets in their business.”
Since the beginning of 2021, nearly 600 financial leaders and lease accounting professionals have attended Visual Lease’s thought leadership events.
Learn more and register for Visual Lease’s next monthly GASB 87 Planning Workshop (5/20) here.
About Visual Lease
Visual Lease is the #1 lease optimization software for managing, analyzing, streamlining and reporting on lease portfolios. Developed by industry-leading lease professionals and CPAs, it combines GAAP, IFRS and GASB-compliant lease accounting controls with easy, flexible and automated lease management processes. More than 700 of the world’s largest publicly traded and privately-owned corporations rely on Visual Lease to control their lease portfolios, integrate with their existing business systems and maintain regulatory compliance. Committed to ongoing innovation and unparalleled customer service, Visual Lease helps organizations transform their lease compliance requirements into financial opportunities. For more information, visit visuallease.com.
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