Cre Technology (458)

2020: A LeaseQuery Year in Review

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. Although 2020 was a scary, unprecedented year for so many, LeaseQuery stayed on the course, putting our best foot forward for the integrity of ourselves, our customers, […]

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Financial Statement Audits for Leases: Testing

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. This is the third segment of an article targeted at private companies who have not yet adopted the lease accounting standard, as well as their auditors. This […]

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IRS Section 179, ASC 842, and the Impact on Lease vs. Buy Decisions

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. Determining whether to lease or buy an asset is a common, and complicated, business decision. It impacts cash flow, financial reporting, taxes, and how long you’ll have […]

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First Audits Under New Lease Accounting Rules Bring Both Issues & Insight – LeaseQuery Survey

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. What private companies and nonprofits need to know as they prepare for ASC 842 and IFRS 16 ATLANTA – July 28, 2020 – The first audits completed […]

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Rent Abatement and Rent-Free Period Accounting under US GAAP

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. For a simple operating lease, calculating the straight-line rent expense involves summing the total cash payments and dividing the total payments by the number of months within […]

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EY Announces George Azih of LeaseQuery as Entrepreneur Of The Year® 2020 Southeast Award Finalist

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. Prestigious recognition celebrates the unstoppable and innovative entrepreneurs whose ambitions transform the world ATLANTA – August 20, 2020 –Ernst & Young LLP (EY US) announced George Azih, […]

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GASB 87 Training: 10 Resources and Tips to Ease Your Transition

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. In 2017, the Governmental Accounting Standards Board released GASB 87, the new lease accounting standard for government entities. Government agencies must begin applying the new guidance for […]

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LeaseQuery Ranked Number 26 Fastest-Growing Company in North America on Deloitte’s 2020 Technology Fast 500™

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. Attributes 8551% revenue growth to the company’s strategic focus and ability to keep pace with shifting lease accounting trends ATLANTA – Nov 18, 2020 — LeaseQuery, a […]

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Addressing Sale-leaseback Accounting under ASC 606 and ASC 842

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. What is a sale-leaseback transaction? A sale-leaseback transaction occurs when an entity sells an asset it owns and immediately leases the asset back from the buyer. The […]

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Companies Plan to Rightsize and Renegotiate Real Estate & Lease Portfolios in 2021 – LeaseQuery Survey

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. ATLANTA – November 17, 2020 – The pandemic changed the calculation on crafting the right real estate strategy for 2021. According to a new LeaseQuery survey, cost […]

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Preparing for Your First Post-Transition Lease Accounting Audit

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. When the FASB released its new lease accounting standard in 2016, and GASB in 2017, lease accounting was revolutionized. Hailed as one of the biggest changes to […]

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What Is Lease Management?

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. Lease management, sometimes referred to as lease administration, is the day-to-day execution of tasks related to a company’s lease portfolio. There’s no single approach to lease management. […]

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Tool | Asset Retirement Obligation Identifier

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList.

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LeaseQuery Recognized as One of Atlanta’s Top 5 Fastest-Growing Companies, No. 2 in Technology

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. Atlanta Business Chronicle shines a spotlight on LeaseQuery, recognizing its leadership and influence in lease accounting technology ATLANTA – August 11, 2020 – LeaseQuery, a leading provider […]

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Tool | GASB 87 Lease Identifier

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList.

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LeaseQuery Honored by Goldman Sachs for Entrepreneurship

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. George Azih, CEO and Founder Among 100 Most Intriguing Entrepreneurs at 2020 Builders + Innovators Summit ATLANTA – October 14, 2020 –Goldman Sachs (NYSE:GS) is recognizing LeaseQuery’s […]

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Accounting Industry’s Thought Leaders and Technology Experts Converge for LeaseQuery’s Free Accounting Tech Innovation Summit

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. LeaseQuery’s inaugural virtual accounting conference will offer visionary keynote speakers and insight into the challenges of modern accounting ATLANTA – September 10, 2020 – LeaseQuery, a leading […]

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Tenant Improvement Allowance Accounting for Lessees under ASC 840

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. What is a tenant improvement allowance? A tenant improvement allowance (TIA) is generally defined as money paid by a landlord to the tenant/lessee to reimburse that tenant […]

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Straight-Line Rent Calculation for Leases under US GAAP

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. Straight-line recognition is one of the most commonly used accounting methods whereby the total expense or revenue recorded for a period of time is allocated evenly among […]

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Excel Accounting Functions, Practices, Tips, and Tricks

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. If there’s one tool that every accountant has in their toolkit, it’s Excel. Mastering your Excel skills is essential to completing fundamental accounting tasks. From ad-hoc reporting […]

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Accounting Tech Innovation Summit: Memorable Takeaways on How to Thrive in the Future of Accounting

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. In a year when the ability to succeed is dependent on keeping up with demand, preparing for the inevitable, and adapting to change, LeaseQuery put together a […]

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Interest Rate Implicit in the Lease under IFRS 16 Explained

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. What is the implicit interest rate under IFRS 16? The rate implicit in the lease is the interest rate charged by the lessor in the lease agreement. […]

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Lessor vs. Lessee Explained and Full Example of Lessor Accounting for a Finance Lease under GASB 87

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. Lessor vs. lessee Lessor accounting for a finance lease under GASB 87 Example Lessor vs. lessee In accounting, the terms “lessor” and “lessee” are used to identify […]

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Lease Accounting for Small Businesses

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. Complying with the new standards is a headache – especially in Excel Investing in technology can prevent non-compliance Listen to your peers Evaluate the software’s features Analyze […]

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ASC 840 vs ASC 842: Differences between the Old and New Lease Accounting Standard

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. ASC 840 summary ASC 840, Leases, is the former lease accounting standard for public and private companies that follow U.S. GAAP (US Generally Accepted Accounting Principles). Under […]

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GASB 62 to GASB 87 – Eight Tips to Ease the Transition

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. This article was written in collaboration with LeaseQuery’s partner in easing the burden of lease accounting, Postlethwaite & Netterville (P&N). While the lease accounting delay for private […]

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Lease Termination Accounting under FASB, IFRS, and GASB: Options to Terminate, Costs, and More

This post originally appeared on tBL Marketplace Partner LeaseQuery's blog Your Lease Queries, Answered and is republished with permission. Find out how to syndicate your content with theBrokerList. To terminate a lease is to cancel the agreement before the end of the specified lease term. Many lease agreements may include an option for either lessees […]

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