Manage Your Lease (33)

Sale-leaseback Accounting under ASC 606 and ASC 842 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 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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How to Calculate the Implicit Interest Rate for 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. Under GASB Statement No. 87 Leases, the majority of leases will be recorded on the statement of net position of the lessee/lessor by establishing either a lease […]

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LeaseQuery Completes its System and Organization Controls (SOC) 1 Type 2 Assessment performed by a Big 4 auditor

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. Concluding 2020 with this report indicates LeaseQuery’s prioritization on the appropriate internal controls required for audit completion ATLANTA – January 5, 2021 — LeaseQuery, a leading provider […]

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Tool | Free Lease Administration 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. Avoid lease late payment fees and renewing unnecessary leases with LeaseManager by LeaseQuery. Stop wasting time tracking your leases in Excel and get control of your portfolio […]

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Equity Method of Accounting for Investments and Joint Ventures under ASC 323

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 equity method of accounting refers to the accounting treatment for one entity’s partial ownership in another entity when the entity making the investment is able to […]

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Accounting for Rent Concessions under IFRS 16 as a Result of the COVID-19 Pandemic

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. Background The coronavirus pandemic continues to impact global economies and local communities alike. Businesses across all industries and sizes are continuing to face challenges to their operations […]

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Straight-Line Rent Expense 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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A Look Back at 2020 Lease 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. Introduction As we reflect on the past year, 2020 proved to be unprecedented and its impact to lease accounting unrivaled. Public, private, and government entities alike experienced […]

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Accounting for Lease Concessions under IFRS 16 as a Result of the COVID-19 Pandemic

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. Background The coronavirus pandemic continues to impact global economies and local communities alike. Businesses across all industries and sizes are continuing to face challenges to their operations […]

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LeaseQuery Recognized No. 29 on Inc. 5000 List of America’s Fastest-Growing Private Companies

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-based lease accounting technology company shows three-year revenue growth of 8079 percent ATLANTA – August 18, 2020 – LeaseQuery, a leading provider of purpose-built lease accounting software, […]

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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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