Blog by LeaseCalcs

Are your leases stuck in the harbor?

By Kelly Herrera | July 20, 2018

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

White Paper: The same lease will have different accounting impacts for different companies?!?

By Marc Maiona | October 17, 2017

The long awaited, and greatly debated, changes to lease accounting standards under GAAP and IFRS are upon us. As CRE teams and their colleagues in corporate finance move toward implementing these new standards, many are surprised by the financial statement outcomes. LeaseCalcs’ latest white paper, as published in Corporate Real Estate Journal, explains why two identical leases will yield very different accounting impacts for different companies, and – more importantly – how those differences affect balance sheet, shareholder equity, net income and EBITDA outcomes. The paper discusses why despite the fact that the FASB’s and IASB’s stated intentions were to

Are you ready for the new lease accounting standards?

By Marc Maiona | September 28, 2017

Recent surveys from the Big 4 show companies expect implementation of the new lease accounting standards to cost millions and take months, if not more than a year, to complete. LeaseCalcs’ customers are proving them wrong! In eight minutes, you’ll learn how LeaseCalcs’ customers: Negotiate better leases Improve accounting processes Make their corporate real estate, finance and accounting teams more efficient Automate journal entries, all mapped to their ERP system(s) Get real estate and equipment lease functionality in one platform What makes LeaseCalcs so different? LeaseCalcs was developed in response to the challenges brought on by the new standards from the