If your company or your client is using an older lease administration program, you might have already heard the distress calls.
You see, a lot of companies are just learning that their leases – and their lease accounting project – are trapped in the harbor. Their existing system won’t – or can’t – help them get into compliance with the new lease accounting standards. With less than seven months before the new standards take effect for public companies, LeaseCalcs is like the Coast Guard for these firms.
We have successfully migrated other clients off of all of the other major lease administration programs, and have the ability to easily import all of their lease data as a result. In other words, LeaseCalcs can help your clients get their leases out of the harbor and help them navigate their way – quickly and easily – to compliance with ASC 842 and/or IFRS 16.
LeaseCalcs’ patented, award-winning, lease accounting and lease administration platform is fully GAAP and IFRS compliant. We have scores of global, public companies already using LeaseCalcs for all of their lease accounting and administration needs. Some of our clients even adopted the new lease accounting standards early – on January 1, 2018 – meaning LeaseCalcs is being used right now to drive financial reporting for public companies around the world.