Different lease contracts are managed in different ways – and can be more complex than you think. What happens if a short-term lease becomes a long-term lease? Or if a long-term lease becomes a month-to-month lease? How do you manage these transitions?
Leases are dynamic, evolving documents. Lease changes – and remeasurements – are common, but how to handle them under ASC 842 is not always straightforward. As unexpected circumstances like COVID-19 interrupt business plans, payments or obligations may have changed in unpredictable ways.
The stark shift and impact COVID-19 had on equipment and real estate leases has caused companies to modify their leases in a variety of different ways. While FASB provides some flexibility on how to handle abatements, there are different implications that lease deferrals, abatements and other modifications have on the balance sheet.
Compliance requirements don’t have to be a burden. Nobody knows this better than our panelists, each of whom faced different challenges – themselves or through their clients – as they tackled the lease accounting compliance standards. What started as a compliance exercise transformed into an exercise in process efficiency, automation, and financial opportunity.
Leases are dynamic documents. And, now that they’re reported on the balance sheet, roll forward reporting is more important than ever. It’s a report often overlooked, as the ASC 842 guidelines don’t explicitly mention this report, which outlines the changes in your balance sheet period over period.
The simplest way to control high or rising lease costs is by tracking key lease information with robust lease administration software. Bill Harter and April Miller, of Visual Lease, take a close look at how companies of all sizes can increase control over their leases, such as their contract clauses and related expenses associated with COVID-19.
Now more than ever, having a reliable way to track equipment, lease clauses, people and workplace FF&E is incredibly important. Technology that tracks and automates this key business information is critical to ensure you have up-to-date, accurate information. In this webinar, we will identify how your company can leverage industry-leading lease accounting and administration software, Visual Lease, with additional technology to stay ahead of your business needs.
Has it really been almost 2 years since all Public companies were required to comply with lease accounting guidelines: ASC 842 and IFRS 16? During the 2018 rush to comply, many companies implemented software to help them compile the lease data needed to run these complicated new lease accounting calculations. Some selected tools , while others invested in solutions.
In the recent months’ stay-at-home orders, companies have shifted to embrace remote work environments for an extended period. There are many questions surrounding the requirements and logistics that companies were responsible for in transitioning to remote employees, and some companies struggled in doing so. How can companies leverage technology to assist in streamlining the transition to a remote workforce, and then back to the office?
The simplest way to control high or rising lease costs is by tracking key lease information with robust lease administration software. In this webinar, we will take a close look at how companies of all sizes can increase control over their leases, such as their contract clauses and related expenses.
The impact of COVID-19 has caused companies to immediately pay closer attention to their leased assets. If you’re a tenant, you may be wondering what you should be looking out for to protect yourself and your company’s financial obligations. We’re here to help. Join us for an informative webinar that will guide you through these rising issues.
Leases are one of the largest overhead costs for many companies and require immediate attention during this critical time. Businesses all over the world rushed to examine their lease obligations in order to mitigate legal and financial exposure and conserve cash. How did companies account for the changes and impacts of stay-at-home orders and adjustments to their business?
This webinar answers the top 10 questions we receive about the new lease accounting standards. We share insight and knowledge about what you can do to be better prepared during the COVID-19 pandemic as it relates to your leases, and how it can help you prepare for the compliance deadlines in the future.
Real estate leases, one of the largest overhead costs for many companies, require immediate attention during this critical time. The sweeping impact of COVID-19 has caused businesses all over the world to rush to examine their real estate lease obligations in order to mitigate legal and financial exposure and conserve cash.
The substantial impact of GASB 87 has left many government entities and public sector organizations struggling to meet the new requirements of the standard. How can you be better prepared to perform the necessary lease accounting functions? In this webinar, you’ll learn how you can more easily become compliant with GASB 87.
In this webinar, we will provide a high level overview of the ASC 842 changes and how they affect your balance sheet. We will identify the proper way to account for the operating and finance leases on your balance sheet, so you can better plan how to comply.
In this webinar, we will take a look at lease accounting’s requirements, and compare how it can be done using lease accounting technology vs. manually. We will also take a look into what lease accounting software has to offer, and how to best select a software vendor. What questions should be asked when evaluating software vendors? How long will it take to get the solution up and running? What are the challenges companies are having in search for a vendor
If you are a private company who is working hard to meet the 2021 deadline for ASC 842, you’re not alone! Preparing for the new lease accounting standards is a huge undertaking – but we can help. In this webinar, we will share our top recommendations to guide you through the next few months, so you can feel better prepared to meet the deadline for ASC 842.
America’s Commercial Real Estate Show: A Deep Dive into Lease Occupancy Costs and CAM Expenses
This is not our normal weekly show, this a 72 minute special edition podcast on lease occupancy and CAM costs. This was taped on stage at the Cobb Galleria in Atlanta at the Georgia Society of CPAs annual real estate conference. Featuring Marc Betesh, President and CEO of Visual Lease.
