Category
iLeasePro Achieves SOC 1 Type 2 Certification for Lease Management & ASC 842 Compliance
iLease Management LLC and iLeasePro have attained SOC 1 Type 2 certification, validating operational controls and strengthening client trust. This milestone ensures greater security, audit readiness, and compliance for lease management and ASC 842 accounting.
ASC 842 Six Years Later: Transparency Gains, Costs Keep Rising
Six years on, ASC 842 delivers real transparency—bond markets price lease risk, banks assess credit more accurately, and analyst forecasts improve. But private companies face recurring costs and Day-2 complexity. Here’s what FASB could refine next, with links to key research.
How Every Accounting Role Contributes to Lease Accounting (ASC 842/IFRS 16)
Discover how lease accounting compliance and insights depend on every finance role. This guide shows contributions, impacts, risks, collaboration, and strategic value for 15 roles, ordered by collaboration, plus a matrix for quick reference.
Cost Analysis and Lease Accounting: Why They Work Better Together
Understand what cost analysis and lease accounting each do, how they reinforce one another, and the risks of separating them. Includes a 5-year equipment lease example with assumptions, calculations, and a variance table.
Audit Readiness Checklist for ASC 842 Compliance: What Your Auditors Will Ask This Fall
Your fall playbook for ASC 842 audit success—what auditors test, the evidence they expect, pitfalls to avoid, and how iLeasePro helps you finish early with fewer adjustments.
ASC 842 Lease Accounting Guide With Real Estate & Equipment Examples
A practical ASC 842 walkthrough with operating and finance lease examples (office space and equipment), sample journal entries, measurement inputs, disclosure checklist, and internal links for deeper dives on embedded leases, discount rates, and modifications.
ASC 842 Sale-Leasebacks: What Companies Need to Know
Under ASC 842, sale-leasebacks move owned property off the books and bring right-of-use assets and lease liabilities onto the balance sheet. This article explains finance vs. operating lease classification, provides journal entry examples, and highlights risks including leverage impact, variable payments, and covenant compliance.
The Hidden Costs in Leases
Hidden lease costs often stem from provisions buried in contracts—such as CAM charges, gross-ups, admin fees, and uncapped escalations. If mismanaged, these costs can not only lead to overpayments but also appear as Critical Audit Matters in audits. This article explains the key terms, shares a tenant rep example, and shows how proactive audits and technology-driven lease management protect your bottom line.
Top Challenges in Lease Management — And How to Turn Them Into Your Biggest Wins
Explore the top challenges companies face in lease management, including ASC 842 compliance, data silos, and manual errors, and learn how to turn each into a measurable business win.
FASB's Public Markets Advisory Committee Meeting Recap
PMAC members agree that the leases standard (ASC 842) enhances transparency for investors and improves lease management, but note high initial implementation costs and ongoing challenges with compliance, especially around embedded leases and discount rate calculations.
Protect Lease Data: Cybersecurity in Lease Management
As lease management systems evolve, so do the cybersecurity risks tied to sensitive lease data. This article explores practical data protection strategies, compliance with regulations like GDPR and CCPA, and how to mitigate risks across digital lease platforms to protect your company’s financial and operational integrity…
How to Calculate the Incremental Borrowing Rate
A step-by-step guide for private companies to determine and update the IBR under ASC 842, including asset class strategies and pros and cons of IBR vs. risk-free rate.
ASC 842 Made Simple: Complex Lease Accounting Explained
Lease accounting under ASC 842 doesn’t have to be confusing. Learn how to understand complex transactions—like lease liabilities, right-of-use assets, and lease modifications—using relatable, real-world examples.
Maximizing ROI with Lease Data Importing
Manually entering lease data is time-consuming and error-prone. Automating with an import feature saves hours, improves accuracy, and reduces costs. Discover how to maximize efficiency and ROI today…
How ASC 842 Changes the Top 10 Essential Accounting Reports
ASC 842 changes how leases appear in key accounting reports, from the balance sheet to the cash flow statement. Learn how these changes impact your financial reporting and compliance…
Avoiding Top 6 Common Pitfalls in ASC 842 Compliance
ASC 842 compliance presents challenges such as lease misclassification, poor data management, and incorrect discount rates. This guide covers the top 6 key pitfalls, solutions, and resources to help businesses navigate lease accounting effectively and stay compliant…
Navigating ASC 842’s Impact on Loan Covenants
ASC 842 changes lease accounting, impacting loan covenants by increasing liabilities and altering financial ratios. Learn how to navigate these challenges effectively…
Navigating EBITDA-Based Covenants Under ASC 842
ASC 842 alters EBITDA calculations by reclassifying lease expenses, impacting loan covenants. Companies must adapt to lender adjustments and ensure compliance…
Tour of iLeasePro
Schedule a Demo
Check Out Knowledge Base
Related: iLeasePro Free Trial, iLeaseXpress, iLeaseXpress Unlimited, ASC 842 Financial Reporting, ASC 842 Balance Sheet Reporting, ASC 842 Income Statement Reporting, ASC 842 Cash Flow Reporting, ASC 842 Statement of Shareholder Equity, ASC 842 Disclosure Notes, ASC 842 Management Discussion, ASC 842 Comprehensive Income, ASC 842 Glossary of Terms, ASC 842 Journal Entries, ASC 842 Software, When Is the ASC 842 Compliance Date, FASB Lease Accounting Software, Understanding the New FASB ASC 842 Lease Accounting Standard, How Does a Lease Balance Sheet Change After the New Standard?, Tracking Lease Details After ASC 842, Deferred Rent Explained Under the ASC 842, Guide to Lease Classification, Overview of Relevant Borrowing Rate, ASC 842 Footnote Disclosure, Lease Accounting, What Does Lease Accounting Software Do?, Key Features of A Lease Accounting Software, How to Never Miss Important Lease Dates, Scaling Your Lease Accounting Software to Your Business Needs, How to Select the Right Lease Solution, How to Set Up Lease Accounting Software, What is the Best Lease Accounting Software?, Overview of the Types of Leases, Equipment Lease Software, How the Right Lease Management Software Makes Equipment Leases Easier, Lease Tracking Software, How The Right Software Can Help You Manage Lease Data, Five Benefits of a SaaS Lease Management Solution, A Centralized Lease Portfolio Making Asset Management Easier, Lease Analysis 101, Lease Analysis: The Financial Metrics, Lease Abstraction, The Importance of Lease Abstraction for Lessees, The Lease Data an Abstract Should Include, What Software Do I Need for Lease Abstracting?, Navigating The ASC 842 Accounting Audit, Ultimate Lease Accounting Audit Checklist, Essential Guide To Engaging Auditors, Leveraging AI for Enhanced Year-End Audits Transitioning to the ASC 842 Standard Lease Document Management ASC 842 Short-Term Leases Practical Expedients Lease Modifications & Remeasurements Lease Variable Payments Embedded Leases Monitoring Critical Lease Dates Transportation - Navigate the ASC 842 The Impact of the ASC 842 on Regulatory Policies in Lease Management & Lease Accounting Integrating Lease Accounting into Your Month-End Closing Process The Modified Retrospective Approach in ASC 842 Determining the Incremental Borrowing Rate A CFO’s ASC 842 Lease Accounting Guide for Construction Companies