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Tool | GASB RFP for Lease Accounting Software
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. Download our GASB Lease Accounting Software RFP Template to help you start evaluating lease accounting software vendors in order to comply with the new lease accounting standards. Lease […]
Asset Retirement Obligation (ARO) Accounting Example under ASC 410 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. Have you ever entered into an operating lease for a building, constructed leasehold improvements, and determined based on the provisions of the lease that you are legally […]
LeaseQuery Unveils LeaseGuru, the Industry’s Most Advanced Lease Accounting Solution 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. LeaseGuru, powered by LeaseQuery, facilitates mandatory compliance for businesses with a lease portfolio of under ten ATLANTA, January 28, 2020 – LeaseQuery, a leading provider of comprehensive […]
Identifying Embedded Leases under ASC 842 and 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. While the effective date of the new lease standards for domestic public companies, international companies, and governmental organizations has already passed, private companies are still in the […]
Tool | Free Lease Accounting Software
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 FASB & IASB standards is a headache in Excel. LeaseGuru makes it simple and secure to account for up to 9 leases under ASC 842 […]
Finance Lease vs Operating Lease: Classification and More Differences under ASC 842, IFRS 16, and 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. One of the changes that was implemented with the new lease accounting standards is the renaming of capital leases to finance leases. While this is mostly a […]
When Leading Today’s Workforce, One Size Does Not Fit All
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 recent weeks, the viral quip “OK, Boomer” has exploded from social media memes into a broader national dialogue about how generational differences impact our points of […]
Tool | RFP for Lease Accounting Software
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. Download our Lease Accounting Software RFP Template to help you start evaluating lease accounting software vendors in order to comply with the new lease accounting standards Lease […]
Lease Abandonment Accounting: Common Questions and a Full Example
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 abandonment from the lessee’s perspective means precisely that the lessee is still paying for an asset they are no longer using. While the asset has in […]
Improving Capital Budgeting Decisions Using Finance and Accounting Tools
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. Capital budgeting in corporate finance Capital budgeting is the process used in corporate finance to make decisions about long-term investments, such as real estate, equipment, or software. […]
5 Lease Accounting Transition Challenges That Aren’t Going Away
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. We recently surveyed 200 accountants in the lease accounting transition process, and while respondents came from different industries and sizes of companies, one takeaway is clear: lease […]
Managing Remote Employees in Accounting Successfully
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 and closing the books efficiently, FloQast. Whether it’s ensuring compliance, completing […]
What is Lease Accounting? A Lot More Than Net Present Value
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 accounting is the method by which organizations account for their leasing contracts – whether lessors or lessees – on their balance sheets. The reporting standards for […]
LeaseQuery Forms Partnership with AXIA Partners to Extend Its Lease Accounting Reach
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 leading lease accounting technology and AXIA’s strategy and implementation expertise offers businesses a complete solution to ease the lease accounting transition process ATLANTA – March 24, […]
Off-Balance-Sheet Financing Is Undergoing Radical Changes with the New Lease Accounting Standards
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. Off-balance-sheet financing (OBSF) Off-balance-sheet financing refers to types of transactions and methods of accounting for transactions in which no liabilities are recorded to an organization’s financial statements. […]
Operating Lease Accounting under the New Standard, ASC 842: Full Example and Explanation
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. The new lease accounting standards are significantly changing the accounting for operating leases. In this blog, we will provide a comprehensive example of operating lease accounting under […]
Financial Statement Audits under ASC 842: Planning
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. Private organizations are moving closer to the required adoption date for ASC 842, Leases. The highly publicized lease accounting transition to ASC 842 will, qualitatively and quantitatively, […]
How To Wake Up from these 9 Lease Accounting Nightmares
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. Transitioning to ASC 842, IFRS 16, or GASB 87 is a monumental undertaking. No matter which standard you’re transitioning to, you’re probably already having nightmares about numbers […]
LeaseQuery Named Fastest-Growing UGA Business by UGA Alumni Association
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. The Bulldog 100 recognizes top companies owned or operated by University of Georgia alumni ATLANTA – February 27, 2020 – LeaseQuery announced its position as #1 on […]
Lease Accounting Compliance: Five Things To Remember
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 accounting compliance is crucial for your organization What non-compliance could mean for your organization The process of implementing the new lease accounting rules requires a lot […]
GASB 87 vs ASC 842: Five Differences from a Lessee’s Perspective
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. There has been a lot of material in the marketplace about the new lease standards. Up until this point, the majority of this has been focused on […]
Incremental Borrowing Rate for IFRS 16, ASC 842, and GASB 87 Explained: Discount Rates and When to Use
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. One of the most common questions people have regarding ASC 842, IFRS 16, and GASB 87, the new lease accounting standards, relates to the appropriate discount rate […]
Right of Use Asset and Lease Liability under 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 lease liability and how do you calculate it? According to ASC 842, a lease liability is a lessee’s obligation to make the lease payments arising […]
Tool | RFP for Lease Accounting Software
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. Download our Lease Accounting Software RFP Template to help you start evaluating lease accounting software vendors in order to comply with the new lease accounting standards Lease […]
Financial Application Software: Evaluating from an IT and Security Perspective
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. We’ve all heard the way that organizations buy and use software is changing. The rise of Software as a Service (SaaS) has empowered many business users to […]
LeaseQuery Announces Completion of System and Organization Controls (SOC) 1 Type 2 Assessment
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. New report emphasizes LeaseQuery’s ongoing commitment to ease financial reporting and provide the services and controls their clients and auditors expect ATLANTA, December 3, 2019 – LeaseQuery, […]
How to Create a Lease Liability Amortization Schedule in Excel under the New Lease Rules
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 lease liability? How to create the lease amortization schedule and calculate your lease liability Previously, we covered how to calculate the present value of lease […]
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