Hundreds of private organizations have begun their journey towards lease accounting compliance. Although, many of them underestimate the amount of effort involved with preparation. In particular, assembling a team…
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Lease Accounting Compliance: Lessons from Public Companies Although private companies still have some time to adopt the new lease accounting standards, public companies have already had to meet their compliance…
Recently, we have talked a lot about ways that companies can understand their lease obligations and reduce costs in light of COVID-19. What many businesses have discovered during this time…
Across industries, sectors and organizations of different sizes, the COVID-19 outbreak has touched virtually every business in some way. Between stay-at-home orders, emergency closures, and supply chain disruptions, companies are…
With all the business closures and cutbacks due to the COVID-19 pandemic, a lot of companies are worried about not only managing their lease expenses now, but also accounting for…
Deciphering financial and contractual obligations of a lease can be a challenge. And that is especially true during an unprecedented event, such as the COVID-19 pandemic. All you really want…
The COVID-19 pandemic has impacted every company in some way. With “social distancing” and all the emergency regulations that are in place, many offices and nonessential businesses are shut down…
In an act of relief for companies during the coronavirus pandemic, the Financial Accounting Standards Board (FASB) recently voted to propose a one-year deferral of major accounting standards, including ASC…
Woodbridge, NJ — April 13, 2020 — Visual Lease, the leader in lease accounting and management software, today announced it has been named a 2020 “Best Place to Work in...
Read MoreLeading lease accounting and management solution provider expands executive team to support the next phase of its strategic growth Woodbridge, NJ - March 30, 2020 - Visual Lease, a leading provider...
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As you probably know, all government entities must now comply with GASB 87, the latest lease accounting standard issued by the Governmental Accounting Standards Board. The new standard affects state,…
With all the new lease accounting rules you have to contend with — whether you follow ASC 842, IFRS 16, or GASB 87 — the prospect of generating lease accounting…
New GASB 87 lease accounting module provides government entities and public sector organizations with simplified lease accounting compliance Woodbridge, NJ, February 19, 2020 – Visual Lease, the leader in lease accounting...
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Table of contents Introduction Lease Accounting FAQs What is lease accounting? What is the purpose of the lease accounting changes? ASC 842 IFRS 16 GASB 87 AASB 16 Why to...
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As of the beginning of this year, GASB 87 lease changes have gone into effect. These new lease accounting rules have a substantial impact on government entities and public institutions…
How often do you have this experience when evaluating enterprise software? The vendor gives a demonstration of an amazing solution, walking you through complex tools that do exactly what you…
The Financial Accounting Standards Board (FASB) approved its August 2019 proposal to grant private companies, not-for-profit organizations, and certain small public companies various effective date delays on its credit losses…
CFOs of private companies don’t have much time to comply with new lease accounting standards even if FASB extends the start date a year, as it has proposed.
As the standard for lease accounting software, Visual Lease provides the tools you need to achieve compliance. We make it easy to track, report, and manage your lease finances within…
Steps to Ensure a Smooth Transition to ASC 842 / IFRS 16 With the countdown to FASB/IASB lease accounting changes well underway, many organizations are scrambling to implement technology to...
Read MoreVisual Lease, a New Jersey-based lease management and accounting SaaS company, today announced Clark Convery joined its team as Chief Operating Officer. Prior to Visual Lease, Convery was General Manager of the Enterprise…
Does your organization have the proper systems in place to comply with the new lease accounting standards? If not, you’re not alone. Navigating the burden of legacy systems, systems complexity,...
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Avoiding Costly Mistakes in the Race for FASB/IASB Compliance.Don't Select A System Without Considering These Factors… 1. The Benefits of a Single System In the race to get compliant, accounting...
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