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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 […]
ClientLook Acquired By LightBox
This post originally appeared on Marketplace Advertiser, ClientLook and is republished with permission. Find out how to syndicate your content with theBrokerList. Today I am thrilled to announce that ClientLook has been acquired by LightBox. LightBox was established in 2018 by combining proven brands to create new solutions to facilitate transparency, efficiency and insight within […]
IMA Podcast Ep. 28: George Azih – 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. George Azih, Founder and CEO of LeaseQuery, joins Count Me In to talk about the recent changes to lease accounting standards and how these new regulations ultimately […]
Why public companies can’t put lease accounting rules in the rearview mirror
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. Public companies reached the deadline for compliance with the new lease accounting rules in January, but their journey is far from over. A recent survey of 200 […]
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 […]
From Coffee Shops to Corner Offices: How LeaseQuery Built a Brand Accountants Can Trust
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 do you do when you’re tasked to fix a problem with no simple solution? Well, you figure it out. And if you know what you’re doing, […]
How To Customize Your CRM
This post originally appeared on Marketplace Advertiser, ClientLook and is republished with permission. Find out how to syndicate your content with theBrokerList. How To Customize Your CRM ClientLook commercial real estate CRM allows you to customize the way your account works to suit your specialty and the way you prefer to work. Here are five […]
Tips For Delivering A Killer CRE Presentation
This post originally appeared on Marketplace Advertiser, ClientLook and is republished with permission. Find out how to syndicate your content with theBrokerList. Tips For Delivering A Killer CRE Presentation As a commercial real estate professional, keeping your pipeline full of work means having to master the art of client presentations. While some people naturally thrive […]
LeaseQuery Announces $40 Million in Series A Funding
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, one of the largest providers of purpose-built lease accounting software, today announced that Goldman Sachs’ Merchant Banking Division has invested $40 million in the company through […]
Capital Lease Accounting and Finance Lease Accounting: 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. A capital lease, referred to as a finance lease under ASC 842 and IFRS 16, is a lease that has the characteristics of an owned asset. In […]
Accounting Year-End Checklist: How to Prepare for Year-End Closing
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. Many people think that Q1 is the busiest time of the year for accountants. They assume that because it’s tax season, accountants are only stressed between January […]
SIOR 2019 Fall World Conference Recap
This post originally appeared on Marketplace Advertiser, ClientLook and is republished with permission. Find out how to syndicate your content with theBrokerList. SIOR 2019 Fall World Conference Recap ClientLook commercial real estate CRM software was honored to be a sponsor of the SIOR 2019 Fall World Conference that took place in Portland, Oregon from October […]
Accounting for Lease Modifications under ASC 842, Part 2: Operating to Finance
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 second blog in our series on lease modifications and addresses a modification where the lease classification changes as a result of the modification. In […]
Organizing Your Commercial Real Estate Deal Emails
This post originally appeared on Marketplace Advertiser, ClientLook and is republished with permission. Find out how to syndicate your content with theBrokerList. Organizing Your Commercial Real Estate Deal Emails ClientLook commercial real estate CRM users love the ability to forward emails to their deals. Deals represent listings, tenant and buyer requirements, projects and other commercial […]
How To Relate A CRM Update To Multiple Records
This post originally appeared on Marketplace Advertiser, ClientLook and is republished with permission. Find out how to syndicate your content with theBrokerList. How To Relate A CRM Update To Multiple Records By now, I’m sure you have all had the opportunity to create updates within our commercial real estate CRM. An update is simply a […]
GASB Lease Accounting Transition Examples
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 standard for governmental organizations, GASB Statement No. 87, goes into effect for all reporting periods that begin subsequent to December 15, 2019. Just […]
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