ASC 842: LEASE ACCOUNTING
Deadline: January 1, 2022
Accounting for operating leases (ASC 842) deadline is coming for private companies and non-profits. And while you might even be tempted to avoid lease accounting all together and have your CPA include a modification to their report on your financials, that’s not a good idea.
Complete your implementation ASAP so you can resume 'business as usual'.
Customized Solutions to Meet Your Needs
We love helping businesses and non-profits get ready for and meet the ASC 842 standards. Explore the solution that is the best fit for where you’re at now.
Whether you need a little help or a lot, we’ve got you covered!
Lease Coach
You’re confident in your implementation plan, but just need a little help pushing through.
Your Lease Coach gets you…
- Experts on call in case you have any questions or need help making tricky decisions
- Technical or practical help on whatever tools you’re using to deal with your leases
- “Busy” work for you as you needed to help meet crucial deadlines
- Extra training, plus CPE opportunities!
You need some more structure and help managing a complex implementation.
Your Lease Concierge gets you…
- Everything you get from a Lease Coach, and more!
- A detailed consultation and implementation plan to get you started
- Formal training on the standards and optional software training
- Guidance on lease data extraction and analysis
- Data entry and review
- Ongoing technical and accounting support for your project
- Optional advanced approvals policy document creation
- Optional disclosures and reporting creation
- Optional automation tools to streamline your process
Lease Concierge
Lease Suite
You need on-demand advice and strategies to help achieve your goals and plan for your future.
Your Lease Suite gets you…
- Everything you get with a Lease Coach + Concierge (see above)
- We help you pick the best software environment for you, and then set it up
- Complete your implementation with us
- Customization of the tools that will integrate with your systems for efficient automation
- Support for your project’s ‘go-live’ with formal training
- All-in-one solution to accomplish your implementation goals
Not sure what you need? We'll help you decide.
What You'll Get
Not only will you be compliant but have better insight into your lease expenses and improve overall systems & processes.