Are you ready to Transition to the New ASC 842 Standard in December?
By: LeaseQuery Let’s Start From the Beginning: What is ASC 842? ASC 842 defines leases as contracts, or portions of contracts, granting “control” of an identifiable asset for a specific period of ti...
pre-built disclosures for reporting
Save time compiling disclosures for quarter and year-end by using pre-built templates.
.png)
flexible reporting studio for ad hoc reports
Easily create any additional ad hoc reports from any data point in the system.
full amortization schedules for lease liability
Easy to understand amortization schedules for lease liability and right of use asset with full details required.
Lease Liability Index Report
Learn how to transition from accounting for leases under current GAAP to a successful adoption of the new lease accounting rules. We'll help you navigate the lease accounting changes while avoiding any potential pitfalls along the way.
Transitioning from accounting for leases under GAAP to the new lease accounting standard, ASC 842, can be a challenge. Use this detailed ASC 842 Transition Checklist to assist you through this process.
As the ASC 842 deadline approaches, LeaseQuery gathered insight into the concerns private companies predict will impact lease accounting compliance which includes: COVID and pandemic lease modifications, staffing and talent challenges, and going at it alone.
Our Preferred Solution:
About LeaseQuery
Built by Accountants for Accountants — designed to create accurate lease expenses that reconcile, gather correct PBC documents, and more.
How to Avoid Lease Accounting Mistakes
Learn 2 of the most common nightmares companies face and how to avoid them.
Lease Accounting Questions & Answers
A Technical Accounting Manager at LeaseQuery answers the most common questions asked.
